Carnes Cosmetics Co.'s stock price is $48, and it recently paid a $2.00 dividend. This dividend is expected to grow by 1

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answerhappygod
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Carnes Cosmetics Co.'s stock price is $48, and it recently paid a $2.00 dividend. This dividend is expected to grow by 1

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Carnes Cosmetics Co.'s stock price is $48, and it recently paida $2.00 dividend. This dividend is expected to grow by 16% for thenext 3 years, then grow forever at a constant rate, g; and rs =15%. At what constant rate is the stock expected to grow after Year3?
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