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Lawrence Industries most recent annual dividend was $1.80 per share and the firm's required return is 11%. If dividends are expected to grow by 5%
Lawrence Industries most recent annual dividend was $1.80 per share and the firm's required return is 11%.
If dividends are expected to grow by 5% annually for 3 years and follows by a 2% constant growth rate in years 4 to infinity.
What is the valuation of Lawrence Industries stock today?
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