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If someone could solve both of these problems i would appreciate it 12. Problem 9.10 (Valuation of a Declining Growth stock) Maxwell Mining Company's ore

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12. Problem 9.10 (Valuation of a Declining Growth stock) 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 companirs earnings and dividends are declining at the constant rate of 10% per year. If D0=$3 and r1=11%, what is the value of Maxwell Mining's stock? Round your answer to the nearent cent. $ A stock is expected to pay a dividend of $2.00 at the end of the year (i.e,D1=$2.00), and it should continue to grow at a constant rate of 5% a year, if its required return is 13%, what is the stock's expected price 2 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. $

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