NONCONSTANT GROWTH Mitts Cosmetics Co.s stock price is $58 88, and it recently paid a $2 00

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NONCONSTANT GROWTH Mitts Cosmetics Co.’s stock price is $58 88, and it recently paid a $2 00 dividend. This dividend is expected to grow by 25% for the next 3 years, then grow forever at a constant rate, g; and rs 12%. At what constant rate is the stock expected to grow after Year 3?

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