Question: Swinton Mining has seen its business slowly wind down. It recently paid a dividend of $1.80 per share, but analysts expect the dividend to decrease

Swinton Mining has seen its business slowly wind down. It recently paid a dividend of $1.80 per share, but analysts expect the dividend to decrease 3% per year. The risk-free rate is 6.0% and the market risk premium is 5.0%. If Swintons beta is 0.7 and the market is in equilibrium, what is the value of its stock? A.12.21 B. 10.92 C. 13.97 D. 13.29 E. 16.04

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