Question
Carnes Cosmetics Co.'s stock price is $52.61, and it recently paid a $1.25 dividend. This dividend is expected to grow by 28% for the next
Carnes Cosmetics Co.'s stock price is $52.61, and it recently paid a $1.25 dividend. This dividend is expected to grow by 28% for the next 3 years, then grow forever at a constant rate, g; and rs = 10%. At what constant rate is the stock expected to grow after Year 3?
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
