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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
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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 rate of 3 percent per year. If D 0 = $5.00 and r s = 14%, what is the value of Hamil Minings stock?
a. $45.45
b. $46.82
c. $28.53
d. $44.09
e. $29.41
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 D 0 = $5.00 and r s = 14%, what is the value of Hamil Minings stock?
| a. | $45.45 | |
| b. | $46.82 | |
| c. | $28.53 | |
| d. | $44.09 | |
| e. | $29.41 |
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