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A mining companys iron ore reserves are being depleted,and its cost of recovering a declining quantity of iron ore are rising each yearAs a sequel to it the companys earnings and dividends are

 A mining company's iron ore reserves are being depleted,and its cost of recovering a declining quantity of iron ore are rising each year.As a sequel to it ,the company's earnings and dividends are declining,at a rate of 8% per year.If the previous year's dividend (D0) was $10 and the required rate of return is 10%,what would be the current price of the equity share of the company?

 

 

Apr 25 2020 View more View Less

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