Hawkeye mining corp is close to exhausting its current, Financial Management

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Hawkeye mining corp is close to exhausting its current

Hawkeye mining corp. is close to exhausting its current mining resources. Consequently, the firm’s earnings and dividends are expected to decline at a constate rate of 6% per year. The most recent dividend $4.10 and the required return on the stock is 9.00%. What is the current price of the stock?

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