Carnes Cosmetics Co.'s stock price is $43, and it recently paid a $2.75 dividend. This dividend...

Carnes Cosmetics Co.'s stock price is $43, and it recently paid a $2.75 dividend. This dividend is expected to grow by 17% for the next 3 years, then grow forever at a constant rate, g; and r_s = 16%. At what constant rate is the stock expected to grow after Year 3? Do not round intermediate calculations. Round your answer to two decimal places.

IT IS NOT 7.33%, INCORRECTLY ANSWERED

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jeff jeffy answered 1 year ago

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