Golddigger, a gold exploration and development company, currently pays no dividends. Using the company's assay reports, analysts
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If gold is found, the mine is expected to operate for 20 years and then be exhausted. If investors expect to earn 9% on gold mining stocks, what will be the price of the stock today?
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
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