"sunnyfax publishing pays out all its earnings and has a share price of $ 38.00. in order to expand, sunnyfax publishing decides to cut its dividend from $3.00 to $2.00 per share and reinvest the retained funds. once the funds are reinvested, they are expected to grow at a rate of 15%. if the reinvestment does not affect sunnyfax's equity cost of capital, what is the expected share price as a consequence of this decision?"
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Category: computerinformation | Author: Giiwedin Frigyes
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