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Attempts Koop the Highost 11 9. Problem 9.16 (Nonconstant Growth) eBook Carnes Cosmetics Co.'s stock price is $47, and it recently paid a $2.00 dividend.

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Attempts Koop the Highost 11 9. Problem 9.16 (Nonconstant Growth) eBook Carnes Cosmetics Co.'s stock price is $47, and it recently paid a $2.00 dividend. This dividend is expected to grow by 26% for the next 3 years, then grow forever at a constant rate, 9; and -14%. At what constant rate is the stock expected to grow after Year 37 Do not round intermediate calculations Round your answer to two decimal places. Grade i New Save & Continue Continue without saving

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