Jrn enterprises just announced that it plans to cut its dividend from $ 2.25 to $ 1.10 per share and use the extra funds to expand its operations. prior to this announcement, jrn's dividends were expected to grow at 4% per year and jrn's stock was trading at $ 25.00 per share. with the new expansion, jrn's dividends are expected to grow at 8% 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:

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.