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Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.48 per share (D = $1.48), and the firm's required return is 15%. Find
Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.48 per share (D = $1.48), and the firm's required return is 15%. Find the market value of Lawrence's shares when dividends are expected to grow at 30% annually for 3 years, followed by a 6% 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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