Tattletale News Corp. has been growing at a rate of 20% per year, and you expect...

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Tattletale News Corp. has been growing at a rate of 20% peryear, and you expect this growth rate in earnings and dividends tocontinue for another 3 years. The last dividend paid was $2. Thediscount rate is 15% and the steady growth rate after 3 years is4%.
a. What is the capital gain in stock price fromyear 0 to year 1? (Do not round intermediate calculations.Enter your answer as a dollar amount rounded to 3 decimalplaces.)
Answer for a: $1.803
b.Calculate the expected rate of return.(Do not round intermediate calculations.Round your answer to the nearest wholepercent.)

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Tattletale News Corp. has been growing at a rate of 20% peryear, and you expect this growth rate in earnings and dividends tocontinue for another 3 years. The last dividend paid was $2. Thediscount rate is 15% and the steady growth rate after 3 years is4%.a. What is the capital gain in stock price fromyear 0 to year 1? (Do not round intermediate calculations.Enter your answer as a dollar amount rounded to 3 decimalplaces.)Answer for a: $1.803b.Calculate the expected rate of return.(Do not round intermediate calculations.Round your answer to the nearest wholepercent.)