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Lawrence industries most recent annual dividend was $1.54 per share (D0=$1.54), and the firm's required return is 15%. Find the market value of Lawrence's shares
Lawrence industries most recent annual dividend was $1.54 per share (D0=$1.54), and the firm's required return is 15%. Find the market value of Lawrence's shares when dividends are expected to grow at 25% annually for 3 years, followed by a 6% constant annual growth rate in years 4 to infinity
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