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Carnes Cosmetics Co.'$ stock price is $53, and it recently paid a $2.25 dividend. This dividend is expected to grow by 25% for the next

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Carnes Cosmetics Co.'\$ stock price is $53, and it recently paid a $2.25 dividend. This dividend is expected to grow by 25% for the next 3 years, then grow forever at a constant rate, g; and rs=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. %

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