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Lawson Services just paid its annual dividend of $2.75 per share. The dividends are expected to grow at 22 percent annually for the next 4

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Lawson Services just paid its annual dividend of $2.75 per share. The dividends are expected to grow at 22 percent annually for the next 4 years and then level off to an annual growth rate of 7 percent indefinitely. What is the price of this stock today given a required return of 10.25 percent? $144.74 $145.24 $158.24 $150.02 None of these answers are correct

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