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Capital asset pricing model (CAPM) For the asset shown in the following table, use the capital asset pricing model to find the required return. (Click

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Capital asset pricing model (CAPM) For the asset shown in the following table, use the capital asset pricing model to find the required return. (Click on the icon here 2 in order to copy the contents of the data table below into a spreadsheet.) The required return for the asset is %. (Round to two decimal places.) Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.96 per share ( D0=$1.96), and the firm's required return is 16%. Find the market value of Lawrence's shares when dividends are expected to grow at 25% annually for 3 years, followed by a 7% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is $ (Round to the nearest cent.)

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