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Lawrence Industries' most recent annual dividend was $2.45 per share (D0equals $ 2.45), and the firm's required return is 12 %. Find the market value

Lawrence Industries' most recent annual dividend was $2.45 per share (D0equals $ 2.45), and the firm's required return is 12 %. Find the market value of Lawrence's shares when dividends are expected to grow at 8 % annually for 3 years, followed by a 6 % constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is $

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