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10. Problem 9.10 (Valuation of a Declining Growth Stock) eBook Problem Walk-Through Maxwell Mining Company's ore reserves are being depleted, so its sales are falling.
10. Problem 9.10 (Valuation of a Declining Growth Stock) eBook Problem Walk-Through 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 10% per year. If Do - $4 and -13%, what is the value of Maxwell Mining's stock? Round your answer to the nearest cent
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
