What constant rate is stock expected to grow after year

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Nonconstant growth Carnes Cosmetics Co.'s stock price is $55.44, and it recently paid a $2.00 dividend. This dividend is expected to grow by 27% for the next 3 years, then grow forever at a constant rate, g; and r_s = 16%. At what constant rate is the stock expected to grow after Year 3? Do not round your intermediate calculations. %

Reference no: EM131522496

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