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Growth Rate of Stock Assignment | Homework For You

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May 28th, 2020

Carnes Cosmetics Co.’s stock price is $38, and it recently paid a $1.50 dividend. This dividend is expected to grow by 28% for the next 3 years, then grow forever at a constant rate, g; and rs = 15%. At what constant rate is the stock expected to grow after Year 3? Do not round intermediate calculations. Round your answer to two decimal places.Get Finance homework help todayHomework For You

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