Carnes Cosmetics Co.'s stock price is $44.57, and it recently paid a $2.75 dividend. This dividend is
Fantastic news! We've Found the answer you've been seeking!
Question:
Carnes Cosmetics Co.'s stock price is $44.57, and it recently paid a $2.75 dividend. This dividend is expected to grow by 17% 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? Round your answer to two decimal places. Do not round your intermediate calculations.
Posted Date: