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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 3% per year. if d0 = $5 and rs = 11%, what is the value of maxwell mining's stock? round your answer to two decimal places.
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Maxwell mining company's ore reserves are being depleted, so its sales are falling. also, because it...
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