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What is the value of maxwell mining stock

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Maxwell 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 = $2 and rs = 10%, what is the value of Maxwell Mining's stock? Round your answer to the nearest cent.

Reference no: EM133306544

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