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
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 Is=15%, what is the value of Taussig Technologies Corporation's stock? O $21.10 $25.08 O $22.16 $10.02 $10.55
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