Business, 02.03.2020 19:27 andrew6494

Martell 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 D0=$5 and rs=15%, what is the value of Martell Mining’s stock?

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