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Lawrence Industries' most recent annual dividend was $2.332.33 per share (D0equals=$ 2.33$2.33), and the firm's required return is 1111%. Find the market value of Lawrence's
Lawrence Industries' most recent annual dividend was
$2.332.33
per share
(D0equals=$ 2.33$2.33),
and the firm's required return is
1111%.
Find the market value of Lawrence's shares when dividends are expected to grow at
2020%
annually for 3 years, followed by a
66%
constant annual growth rate in years 4 to infinity.
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