Business, 12.08.2020 06:01 Kaziyah461
JRN Enterprises just announced that it plans to cut its next-year dividend, , from to per share and use the extra funds to expand its operations. Prior to this announcement, JRN's dividends were expected to grow at % per year and JRN's stock was trading at per share. With the new expansion, JRN's dividends are expected to grow at % per year indefinitely. Assuming that JRN's risk is unchanged by the expansion, the value of a share of JRN after the announcement is closest to:
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JRN Enterprises just announced that it plans to cut its next-year dividend, , from to per share and...
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