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

image text in transcribed Tattletale News Corporation 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 $5, what will the next dividend be? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Answer is complete and correct. \begin{tabular}{l|l} Dividend $.00 \\ \hline \end{tabular} b. If the discount rate is 21% and the steady growth rate after 3 years is 4%, 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

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