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9-16. NONCONSTANT GROWTH Carnes Cosmetics Cos stock price is $30, and it recently paid a $1.00 dividend. This dividend is expected to grow by 30%

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9-16. NONCONSTANT GROWTH Carnes Cosmetics Cos stock price is $30, and it recently paid a $1.00 dividend. This dividend is expected to grow by 30% for the next 3 years, then grow forever at a constant rate, g; and rs = 9%. At what constant rate is the stock expected to grow after Year 3

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