Question: maxwell mining Check My Work Click here to read the eBook: Constant Growth Stocks VALUATION OF A DECLINING GROWTH STOCK Maxwell Mining Company's ore reserves

maxwell mining

Check My Work Click here to read the eBook: Constant Growth Stocks VALUATION OF A DECLINING GROWTH STOCK 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 5% per year. If Do-s5 and rs-12%, what is the value of Maxwell Mining's stock? Round your answer to two decimal places. Check Mc Work

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