q8.) VALUATION OF A DECLINING GROWTH STOCK Martell 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 5% per year. If D₀ = $5 and r_s = 15%, what is the value of Martell Minings stock? Round to TWO decimal places

Q9.) VALUATION OF A CONSTANT GROWTH STOCK A stock is expected to pay a dividend of $0.58 at the end of the year (that is, D₁ = 0.58), and it should continue to grow at a constant rate of 6.75% a year. If its required return is 12%, what is the stocks expected price 4 years from today? Round to TWO decimal places.