Lawrence Industries most recent annual dividend was $1.8 per share (D0= $1.8), and the firms required rate of return is 11%. Find the market value of Lawrences shares when: 1. Dividends are expected to grow at 8% annually for 3 years, followed by a 5% constant annual growth rate in years 4 to infinity. 2. Dividends are expected to grow at 8% annually for 3 years, followed by a 0% constant annual growth rate in years 4 to infinity.

Question 2: Lawrence Industries' most recent annual dividend was $1.8 per share (Do= $1.8), and the firm's required rate of return is 11%. Find the market value of Lawrence's shares when: 1. Dividends are expected to grow at 8% annually for 3 years, followed by a 5% constant annual growth rate in years 4 to infinity. 2. Dividends are expected to grow at 8% annually for 3 years, followed by a 0% constant annual growth rate in years 4 to infinity