What is the constatnt rate the stock is expected

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Stock price is $40 and it recently paid $1.20 dividend. This dividend is expected to grow by 15% for the next 3 years, and then grow forever at a constat rate, g. If the required rate of return is %12, what is the constatnt rate the stock is expected to grow at after year 3?

Reference no: EM13257511

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