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9-10 VALUATION OF A DECLINING GROWTH STOCK Martell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is

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9-10 VALUATION OF A DECLINING GROWTH STOCK 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 Do - $5 and r, -15%, what is the value of Martell Mining's stock

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