Carnes Cosmetics Co.'s stock price is $42, and it recently paid a $1.75 dividend. This dividend is expected to grow by 2

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Carnes Cosmetics Co.'s stock price is $42, and it recently paid a $1.75 dividend. This dividend is expected to grow by 2

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Carnes Cosmetics Co S Stock Price Is 42 And It Recently Paid A 1 75 Dividend This Dividend Is Expected To Grow By 2 1
Carnes Cosmetics Co S Stock Price Is 42 And It Recently Paid A 1 75 Dividend This Dividend Is Expected To Grow By 2 1 (10.45 KiB) Viewed 20 times
Carnes Cosmetics Co.'s stock price is $42, and it recently paid a $1.75 dividend. This dividend is expected to grow by 22% for the next 3 years, then grow forever at a constant rate, g; and rs = 16%. At what constant rate is the stock expected to grow after Year 3? Do not round intermediate calculations. Round your answer to two decimal places. 96
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