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Misty Mountain Top's (MMT) coal reserves are being depleted. MMT's annual dividend has be declining at a rate of 10% per year. If the dividend

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Misty Mountain Top's (MMT) coal reserves are being depleted. MMT's annual dividend has be declining at a rate of 10% per year. If the dividend paid last week as $7.00 and your required return is 12%, what would you be willing to pay for MMT stock? $28.64 $385.00 $23.75 $52.50 $31.82

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