At what constant rate is the stock expected to grow

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Question - Carnes Cosmetics Co.'s stock price is $46, and it recently paid a $1.00 dividend. This dividend is expected to grow by 14% 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.

Reference no: EM133157000

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