Common stock

valuelong dashVariable

growth ??

Lawrence? Industries' most recent annual dividend was ?$1.95per share ?(D0equals=$ 1.95?), and the? firm's required return is 10?%. Find the market value of? Lawrence's shares when dividends are expected to grow at 20?% annually for 3? years, followed by a 6?% constant annual growth rate in years 4 to infinity.

What is the market value of? Lawrence's shares?