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P7-15 (similar to) Question Help Common stock value-Variable growth Lawrence Industries' most recent annual dividend was 51 33 per share (Do-S133), and the firm's required

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P7-15 (similar to) Question Help Common stock value-Variable growth Lawrence Industries' most recent annual dividend was 51 33 per share (Do-S133), and the firm's required return is 15% Find the market value of Lawrence's shares when dividends are expected to grow at 25% annually for years, followed by a 5% constant annual growth rate in years 4 to Infinity The market value of Lawrence's shares is $(Round to the nearest cent.)

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