What is the value of martell mining stock

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Reference no: EM132020596

Martell Mining 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 4% per year. If D0 = $6 and rs = 13%, what is the value of Martell Mining's stock? Round your answer to two decimal places.

$ ________

Reference no: EM132020596

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