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VALUATION OF A DECLINING GROWTH STOCK Maxwell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting

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VALUATION OF A DECLINING GROWTH STOCK Maxwell 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 6% per year. If D,-$3 and r.-10%, what is the value of Maxwell Mining's stock

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