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Question 1 1 pts VALUATION OF A DECLINING GROWTH STOCK Martell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because
Question 1 1 pts VALUATION OF A DECLINING GROWTH STOCK Martell Mining Company's 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 company's earnings and dividends are declining at the constant rate of 5.5% per year. If Do = $6 and rs = 15.5%, what is the value of Martell Mining's stock? Round to TWO decimal places
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