Brushy mountain mining''s stock, Financial Accounting

Brushy Mountain Mining Company's ore reserves are being depleted, so its sales are declining. Also, its pit is getting deeper every year, so its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 6% per year. If D0 = $4 and rs = 10%, what is the value of Brushy Mountain Mining's stock?

 

Posted Date: 3/30/2013 1:41:16 AM | Location : United States







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