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Carnes Cosmetics Co.'s stock price is $51, and it recently paid a $1.75 dividend. This dividend is expected to grow by 22.46 for the nest

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Carnes Cosmetics Co.'s stock price is $51, and it recently paid a $1.75 dividend. This dividend is expected to grow by 22.46 for the nest 3 years, then grow forever at a conatant rate, 9; and r6=13%. At what constaot rate is the stock expected to grow aher year 3 ? Do not round intermediate calculations. Round your answer to two deoimat place-. Carnes Cosmetics Co.'s stock price is $51, and it recently paid a $1.75 dividend. This dividend is expected to grow by 22.46 for the nest 3 years, then grow forever at a conatant rate, 9; and r6=13%. At what constaot rate is the stock expected to grow aher year 3 ? Do not round intermediate calculations. Round your answer to two deoimat place

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