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Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $180 per share (Do = $1.80), and the firm's required return is 11% Find

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Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $180 per share (Do = $1.80), and the firm's required return is 11% Find the market value of Lawrence's shares when dividends are expected to grow at 8% annually for 3 years followed by a 5% 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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