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Misty Mountain Top's (MMT) coal reserves are being depleted. MMT's annual dividend has been declining at a rate of 5% per year. If the dividend

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Misty Mountain Top's (MMT) coal reserves are being depleted. MMT's annual dividend has been declining at a rate of 5% per year. If the dividend paid last week was $5 and your required return is 15%, what would you pay for a share of MMT stock? $23.75 $47.50 $25.00 $28.75 $50.00

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