Nonconstant growthcarnes cosmetics cos stock price is 7760, Ask an Expert

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Nonconstant growth

Carnes Cosmetics Co.'s stock price is $77.60, and it recently paid a $1.75 dividend. This dividend is expected to grow by 29% 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? Round your answer to two decimal places. Do not round your intermediate calculations.

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Financial Management, Finance

Category:- Financial Management
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