Question: mt: Brigham Chapter 09 End-of-Chapter Problems Assignment Score 2223 Save Submit Assignment for Gradina + Question 7 of 9 Check My Work (1 remaining) Problem

mt: Brigham Chapter 09 End-of-Chapter Problems Assignment Score 2223 Save Submit Assignment for Gradina + Question 7 of 9 Check My Work (1 remaining) Problem 9-16 Nonconstant growth Carnes Cosmetics Co.'s stock price is $44.33, and it recently paid a $1.25 dividend. This dividend is expected to grow by 25% for the next 3 years, then grow forever at a constant rate, g; and r, -12%. 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. 0 40 11/10/20

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