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attletale News Corporation has been growing at a rate of 20% per year, and you xpect this growth rate in earnings and dividends to continue

image text in transcribed attletale News Corporation has been growing at a rate of 20% per year, and you xpect this growth rate in earnings and dividends to continue for another 3 years. a. If the last dividend paid was $6, 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 23% and the steady growth rate after 3 years is 3%, what should the stock price be today? Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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