Carnes Cosmetics Co.'s stock price is $48, and it recently paid a $2.00 dividend. This dividend is expected to grow by 1
Posted: Wed Jul 06, 2022 6:45 pm
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?