eBook Carnes Cosmetics Co.'s stock price is $41, and it recently paid a $1.00 dividend. This dividend is expected to gro

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eBook Carnes Cosmetics Co.'s stock price is $41, and it recently paid a $1.00 dividend. This dividend is expected to gro

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Ebook Carnes Cosmetics Co S Stock Price Is 41 And It Recently Paid A 1 00 Dividend This Dividend Is Expected To Gro 1
Ebook Carnes Cosmetics Co S Stock Price Is 41 And It Recently Paid A 1 00 Dividend This Dividend Is Expected To Gro 1 (66.04 KiB) Viewed 10 times
eBook Carnes Cosmetics Co.'s stock price is $41, and it recently paid a $1.00 dividend. This dividend is expected to grow by 18% for the next 3 years, then grow forever at a constant rate, g; and rs = 12%. 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. %
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