Company earnings-dividends are declining at constant rate

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Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 2% per year. If D0 = $2 and rs = 11%, what is the value of stock?

Reference no: EM131333434

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