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Hamil Mining Companys reserves are being depleted, so its sales are falling. As a result, the companys earnings and dividends are declining at the constant

Hamil Mining Companys reserves are being depleted, so its sales are falling. As a result, the companys earnings and dividends are declining at the constant rate of 3 percent per year. If D0 = $3.50 and rs = 12%, what is the value of Hamil Minings stock?

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