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  3. 19. carnes cosmetics co.'s stock price is $36,

19. Carnes Cosmetics Co.'s stock price is $36, and it recently...

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Finance

19.
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Carnes Cosmetics Co.'s stock price is $36, and it recently paid a $2.00 dividend. This dividend is expected to grow by 16% for the next 3 years, then 9 grow forever at a constant rate, 9 ; and ss=14%. 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. \%

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