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Common stock valueVariable growth. Lawrence Industries' most recent annual dividend was $1.45 per share (D0equals=$ 1.45), and the firm's required return is 11%. Find the
Common stock valueVariable growth. Lawrence Industries' most recent annual dividend was $1.45 per share (D0equals=$ 1.45), and the firm's required return is 11%. Find the market value of Lawrence's shares when dividends are expected to grow at 10% annually for 3 years, followed by a 33% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is... (round to nearest cent)
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