9

Tattletale News Corporation has been growing at a rate of 10% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. a. If the last dividend paid was $9, what will the next dividend be? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. If the discount rate is 21% and the steady growth rate after 3 years is 4%, what should the stock price be today? Note: Do not round intermediate calculations. Round your answer to 2 decimal places