eBook Carnes Cosmetics Co.'s stock price is $59, and it recently paid a $1.75 dividend. This...
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eBook Carnes Cosmetics Co.'s stock price is $59, and it recently paid a $1.75 dividend. This dividend is expected to grow by 25% for the next 3 years, then grow forever at a constant rate, g; and rs = 13%. 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. % eBook Carnes Cosmetics Co.'s stock price is $59, and it recently paid a $1.75 dividend. This dividend is expected to grow by 25% for the next 3 years, then grow forever at a constant rate, g; and rs = 13%. 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. %
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