Question: Question 29 (4 points) Brushy Mountain Mining Company's ore reserves are being depleted, so its sales are falling. Also, its pit is getting deeper each

Question 29 (4 points) Brushy Mountain Mining Company's ore reserves are

Question 29 (4 points) Brushy Mountain Mining Company's ore reserves are being depleted, so its sales are falling. Also, its pit is getting deeper each year, so its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 3% per year. If Do=$4 and rs=13%, what is the value of Brushy Mountain's stock

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