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Maxweil Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is gitting deeper each year, its costs a

Maxweil Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is gitting deeper each year, its costs a result, the company's earnings and dividends are deciling at the constant rate of 3% peryear. If Do =$4 and fs=13%, what is the value of stock? Round your answer to the nearest cent

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