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eBook Problem Walk-Through Maxwell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year,

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eBook Problem Walk-Through Maxwell 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 carnings and dividends are declining at the constant rate of 9% per year. If D - $6 and -11%, what is the value of Maxwell Mining's stock Round your answer to the nearest cent

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