Kale Corporation issued perpetual preferred stock with a 2% annual dividend. The stock currently yields 6.5%, and its par value is $100. What is the stock's value? $28.53 $32.92 $38.15 $30.77 $23.38 Taussig Technologies Corporation's ore reserves are being depleted, so its sales are falling. Also because its pit is getting deeper each year, its costs are rising. As a result, the corporation's earnings and dividends are declining at the constant rate of 5% per year. If Do-$2.11 and r=15%, what is the value of Taussig Technologies Corporation's stock? $21.10 $10.55 $25.08 $22.16 $10.02