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Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.42 per share (D0=$1.42), and the firm's required return is 13%. Find the market
Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.42 per share (D0=$1.42), and the firm's required return is 13%.
Find the market value of Lawrence's shares when dividends are expected to grow at 20% annually for 3 years, followed by am 4% 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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