At what constant rate is the stock expected to grow

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Mitts Cosmetics Co's stock price is $58.88, and it recently paid a $2.00 dividend. This dividend is expected to grow by 25% 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 ?

Reference no: EM13298695

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