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ABC Mining Companys coal reserve is begin depleted, so its sales are falling. Also, environmental costs increase each year, so its costs are rising. As
ABC Mining Companys coal reserve is begin depleted, so its sales are falling. Also, environmental costs increase each year, so its costs are rising. As a result, the companys earnings and dividends are declined at a constant rate of 4% per year. If ABC just paid a dividend of $5 and the required rate of return 12%. What is the estimated value of ABCs stock two years from now? (Do not use the dollar sign ($) and round your answer to 2 decimal points)
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