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This dividend is expected to grow by 25 forthe next 3

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Nonconstant Growth Mitts Cosmetics Co.'s stock price in $58.88, and it recentlypaid a $2 dividend. This dividend is expected to grow by 25% forthe next 3 years, and 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: EM13571497

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