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Common stock valueVariable growth Lawrence Industriesmost recent annual dividend was $ 1 . 1 7 per share ( D 0 = $ 1 .

Common stock valueVariable growth Lawrence Industriesmost recent annual dividend was $1.17 per share (D 0=\$1.17) and the firm's required retum is 13%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

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