At what constant rate is the stock expected to grow

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Problem - NONCONSTANT GROWTH - Carnes Cosmetics Co.'s stock price is $30, and it recently paid a $1.00 dividend. This dividend is expected to grow by 30% for the next 3 years, then grow forever at a constant rate, g; and rs = 9%. At what constant rate is the stock expected to grow after Year 3?

Reference no: EM132816678

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