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Carnes Cosmetics Co.'s stock price is $52, and it recently paid a $2,75 dividend. This dividend is expected to grow by 1590 for the next

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Carnes Cosmetics Co.'s stock price is $52, and it recently paid a $2,75 dividend. This dividend is expected to grow by 1590 for the next 3 years, then grow forever at a constant rate, 9 ; and rs=14%. At what constant rate is the stock expected to grow ofter Year 3? Do not round intermedtate calcutations. Round your inimar to two decimal placen. %

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