Question: Chapter 7 HW Help Save& ExitSubmit Check my work 13 Problem 7-30 Nonconstant Growth (LO2, 3) 10 points Tattletale News Corp. has been growing at
Chapter 7 HW Help Save& ExitSubmit Check my work 13 Problem 7-30 Nonconstant Growth (LO2, 3) 10 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 $11. The discount rate is 25% and the steady growth rate after 3 years is 2%. a. What is the capital gain in stock price from year O to year 12 (Do not round intermediate calculations. Enter your answer as a dollar amount rounded to 3 decimal places.) b. Calculate the expected rate of return (Do not round intermediate calculations. Round your answer to the n
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