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eBook Carnes Cosmetics Co.'s stock price is $56, and it recently paid a $1.25 dividend. This dividend is expected to grow by 28% for the

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eBook Carnes Cosmetics Co.'s stock price is $56, 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 14%. At what constant rate is the stock expected to grow after yea 3? Do not round intermediate calculations. Round your answer to two decimal places. - %

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