Company's ore reserve are being depleted, so it's sales are falling. Also, it's pit is getting deeper each year, so it's costs are rising.

Company's ore reserve are being depleted, so it's sales are falling. Also, it's pit is getting deeper each year, so it's costs are rising. As a results, the company's earnings and dividends are declining at the constant rate of 4% per year. If D0 = $5 and rs = 15%, what is the value of company's stock?

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