Computation of the Stock value Company's ore reserve are being depleted, so it's sales are falling. Also,

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Computation of the Stock value Company's ore reserve are being depleted, so it's sales are falling. Also, it's pit is getting deeper each year, so it's costs are rising. As a results, the company's earnings and dividends are declining at the constant rate of 4% per year. If D0 = $5 and rs = 15%, what is the value of company's stock?


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Financial management theory and practice

ISBN: 978-0324422696

12th Edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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