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Please help me with Parts A and B. Tattletale News Corporation has been growing at a rate of 10% per year, and you expect this
Please help me with Parts A and B.
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 $7, what will the next dividend be? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Answer is complete but not entirely correct. b. If the discount rate is 17% 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. Answer is complete but not entirely correctStep by Step Solution
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