Mitts cosmetics cos stock price is 5511 and it recently


Mitts Cosmetics Co.'s stock price is $55.11, and it recently paid a $2.50 dividend. This dividend is expected to grow by 25% for the next 3 years, then grow forever at a constant rate, g; and rs = 15%. At what constant rate is the stock expected to grow after Year 3? Round your answer to two decimal places.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Mitts cosmetics cos stock price is 5511 and it recently
Reference No:- TGS01178523

Expected delivery within 24 Hours