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Carnes Cosmetics Co.'s stock price is $53, and it recently paid a $1.25 dividend. This...

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Carnes Cosmetics Co.'s stock price is $53, and it recently paid a $1.25 dividend. This dividend is expected to grow by 20% for the next 3 years, then grow forever at a constant rate, a; and rs - 15%. 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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