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please answer this Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.48 per share (D = $2.48), and the firm's required return
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Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.48 per share (D = $2.48), and the firm's required return is 12%. Find the market value of Lawrence's shares when dividends are expected to grow at 20% annually for 3 years, followed by a 4% constant annual growth rate in years 4 to infinity The market value of Lawrence's shares is SL (Round to the nearest cent.) Step by Step Solution
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