At what constant rate is the stock expected to grow

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Question - Carnes Cosmetics Co.'s stock price is $48, and it recently paid a $1.00 dividend. This dividend is expected to grow by 15% for the next 3 years, then grow forever at a constant rate, g; and rs = 11%. At what constant rate is the stock expected to grow after Year 3?

Reference no: EM133177048

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