At what constant rate is the stock expected to grow after, Financial Management

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At what constant rate is the stock expected to grow after

NONCONSTANT GROWTH

Carnes Cosmetics Co.'s stock price is $64.53, and it recently paid a $2.00 dividend. This dividend is expected to grow by 18% for the next 3 years, then grow forever at a constant rate, g; and rs = 11%. At what constant rate is the stock expected to grow after Year 3? Round your answer to two decimal places. Do not round your intermediate calculations. Please show work.

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