Question: Chapter 7 Assignment 0 Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so

Chapter 7 Assignment 0 Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completi 14 Problem 7-30 Nonconstant Growth (LO2) 6.66 points 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. The last dividend paid was $4. The discount rate is 21% and the steady growth rate after 3 years is 3%. a. What is the capital gain in stock price from year 0 to year 1? (Do not round intermediate calculations. Enter your answer as a dollar amount rounded to 2 decimal places.) Answer is complete but not entirely correct. Capital gain $ 4.00 b. Calculate the expected rate of return. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Expected rate of return 21.00
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