Tattletale News Corp, has been growing at a rate of 10% per year, and you expect this growth rate in earnings and divide
Posted: Thu Dec 23, 2021 9:18 am
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 $3, what will the next dividend be? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Dividend 5 3.30 ences b. If the discount rate is 19% and the steady growth rate after 3 years is 4%, what should the stock price be today? (Do not round intermediate calculations. Round your answer to 2 decimal places) Stock price