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Carnes Cosmetics Co.'s stock price is $59, and it recently paid a $1.75 dividend. This dividend is expected to grow by 24% for the next

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Carnes Cosmetics Co.'s stock price is $59, and it recently paid a $1.75 dividend. This dividend is expected to grow by 24% for the next 3 years, then grow forever at a constant rate, 9; and is = 13%. 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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