Attempts Average / 1 6. 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 it is getting deeper each year, it costs are rising. As a result, the company's carnings and dividends are declining at the constant rate of 3% per year. 1 D. - $) and r, - 9, what is the value of Maxwell Minlog's stock? Round your answer to the nearest cent