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Business, 09.10.2019 09:30 mochoa4

Brushy mountain mining company's coal reserves are being depleted, so its sales are falling. also, environmental costs increase each year, so its costs are rising. as a result, the company's earnings and dividends are declining at the constant rate of 8% per year. if d0 = $5 and rs = 11%, what is the estimated value of brushy mountain's stock? do not round intermediate calculations. round your answer to the nearest cent.

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