ons Problem 9.16 (Nonconstant Growth) . Question 1920 A-Z Cheek My Work (3 remaining) B eBook Carnes Cosmetics Co.'s stock price is $51, and it recently paid a $2.50 dividend. This dividend is expected to grow by 30% for the next 3 years, then grow forever at a constant rate, e; and t, -16%. 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 96 WE Check My Work (3 remaining)