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Return to a 8 Tattletale News Corp. has been growing at a rate of 20% per year, and you expect this growth rate in earnings
Return to a 8 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. 5.88 points a. If the last dividend paid was $5, what will the next dividend be? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 8 00:53:10 X Answer is complete but not entirely correct. Dividend $ 500.00 X b. If the discount rate is 21% 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.) Answer is complete but not entirely correct. Stock price $ 600.00 X
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