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. If the last dividend paid was $11, what will the next dividend be? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. If the discount rate is 25% 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.
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. If the last dividend paid was $11, what will the next dividend be? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. If the discount rate is 25% 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.
Chapter7: Valuation Of Stocks And Corporations
Section: Chapter Questions
Problem 21P
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