Question: Attempts Average / 1 16. Problem 9.16 (Nonconstant Growth) ebook Carnes Cosmetics Co.'s stock price is $53, and it recently paid a $2.25 dividend. This

Attempts Average / 1 16. Problem 9.16 (Nonconstant Growth) ebook Carnes Cosmetics Co.'s stock price is $53, and it recently paid a $2.25 dividend. This dividend is expected to grow by 15% for the next years, then grow forever at a constant rate, and -145 At what constant rate is the stock expected to grow after Year 37 Do not round Intermediate calculations. Round your answer to two decimal places

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