Tattletale News Corp. 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 $10, what will the next dividend be? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Dividend
B. If the discount rate is 21% 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