30. Nonconstant Growth. Tattletale News Corp. has been growing at a rate of 20% per year, and...

Question:

30. Nonconstant Growth. Tattletale News Corp. has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. (LO2)

a. If the last dividend paid was $2, what will the next dividend be?

b. If the discount rate is 15% and the steady growth rate after 3 years is 4%, what should the stock price be today?

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