Close to exhausting its current mining resources

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Reference no: EM13917351

Hawkeye mining corp. is close to exhausting its current mining resources. Consequently, the firm’s earnings and dividends are expected to decline at a constate rate of 6% per year. The most recent dividend $4.10 and the required return on the stock is 9.00%. What is the current price of the stock?

Reference no: EM13917351

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