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QUESTION 12 Mississippi Mining Co. Sore reserves are beinu depleted, so its sales are falin. Also, because it is gettine deeper each year its costs

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QUESTION 12 Mississippi Mining Co. Sore reserves are beinu depleted, so its sales are falin. Also, because it is gettine deeper each year its costs are. As a result, the company's mains d dividends are declining at the constant rate of 7% per year. If the last dividend was $3.20 and required rate of return is 12% What is the value of the company $12.76 @ $32.76 $56,83 $15.66 568.48

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