Question: rework int: Module 4 Homework Assignment Score: 73.33% Save Submit Assignment for Grading Problem 9.16 (Nonconstant Growth) Question 19 of 20 Check My Work (3

rework int: Module 4 Homework Assignment Score: 73.33% Save Submit Assignment for Grading Problem 9.16 (Nonconstant Growth) Question 19 of 20 Check My Work (3 remaining) eBook Carnes Cosmetics Co.'s stock price is $57, and it recently paid a $1.00 dividend. This dividend is expected to grow by 22% for the next 3 years, then grow forever at a constant rate, g; and 's = 11%. 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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