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 $4, what will the next dividend be? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Dividend Answer is complete and correct. $ 4.40 b. If the discount rate is 17% and the steady growth rate after 3 years is 2%, 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 correct. Stock price $ 29.33 X

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 $4, what will the next dividend be? Note: Do not round intermediate calculations, Round your answer to 2 decimal places. Answer is complete and correct. Dividend b. If the discount rate is 17% and the steady growth rate after 3 yoars is 2%, what should the stock price be today? Note: Do not round intermediate calculations. Round your answer to 2 decimal places