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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

Maxwell Mining Companys 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 companys earnings and dividends are declining at the
constant rate of 6% per year. If D05 $3 and rs 510%, what is the value of Maxwell Minings
stock?

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