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Tattletale News Corp. has been growing at a rate of 10% per year, and you expect this growth rate in earnings and dividends to continue
Tattletale News Corp. 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 $5, what will the next dividend be? (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 2%, what should the stock price be today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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