dule 4 Homework Assignment: Module 4 Homework Assignment Score: 72.50% Save Submit Assignment for Grading Question 19 of 20 Questions Problem 9.16 (Nonconstant Growth) 17. Check My Work (3 remaining) 18 19. eBook 20. Carnes Cosmetics Co.'s stock price is $60, and it recently paid a $1.00 dividend. This dividend is expected to grow by 20% 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. % Check My Work (3 remaining) Olon Key Type here to search O