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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Related Book For
Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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