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Mathematics, 27.07.2019 00:30 crystalpearl188

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 10% per year. if d0 = $5 and rs = 14%, what is the value of maxwell mining's stock? round your answer to the nearest cent.

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