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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?
I have tried to answer this assignment with no luck. Balance brought forward : Cash in Hand : $5000 Cash at Bank : $ 90,000 March 2 Received Cash loan of $25 ,0
2000
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