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Problem 7-24 Nonconstant Growth (LO2) Tattletale News Corp. has been growing at a rate of 20% per year, and you expect this growth rate in

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Problem 7-24 Nonconstant Growth (LO2) 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. a. If the last dividend paid was $2, what will the next dividend be? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dividend $ b. If the discount rate is 15% and the steady growth rate after 3 years is 4%, what should the stock price be today? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price $

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