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A currently profitable mining company is expected to pay a dividend of $1.825 next year. Because it is depleting its mining properties, the best estimate
A currently profitable mining company is expected to pay a dividend of $1.825 next year. Because it is depleting its mining properties, the best estimate is the dividends will decline forever at a 4.5%/year rate. If the required rate of return on this stock is 7.5%/year, what is the value of this stock?
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