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Tattletale New Corp. has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to continue

Tattletale New 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. The last dividend paid was $2. The discount rate is $15 and the steady growth rate after 3 years is 4%. a) What is the capital gain in stock price from year 0 to year 1? (Round to three decimal places) b) Calculate the expected rate of return. (Round to the nearest whole percent)

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