Tattietale News Corp. has been growing at a rate of 10% per year, and you...
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Tattietale 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 $11, what will the next dividend be? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Dividend $ 5.60 b. If the discount rate is 25% 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.) Stock price
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