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Brushy Mountain Mining Company's ore reserves are being depleted, so its sales are falling. Also, its pit is getting deeper each year, so its costs

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Brushy Mountain Mining Company's ore reserves are being depleted, so its sales are falling. Also, its pit is getting deeper each year, so its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 4% per year. If D0=$4 and rs=12%, what is the value of Brushy Mountain's stock? Your Answer: Answer units 2uestion 4 (3 points) Your company has just successfully completed some R\&D work that leads you to expect that its earnings and dividends will grow at a rate of 48.00% this year, 29.00% next year, after which growth should match the 5.00% industry average growth rate, which is a more sustainable rate. The last dividend paid (D0) was $1.26 and your firm's WACC is 10.40%. What is the value per share of your firm's stock

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