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LawrenceIndustries' most recent annual dividend was $ 1.98 per share (D0equals =$ 1.98), and thefirm's required return is 10 %. Find the market value ofLawrence's
LawrenceIndustries' most recent annual dividend was $1.98 per share (D0equals=$ 1.98), and thefirm's required return is
10%. Find the market value ofLawrence's shares when dividends are expected to grow at 15% annually for 3years, followed by a 3% constant annual growth rate in years 4 to infinity.
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