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Question Help o P7-15 (similar to) Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.53 per share (D. = $1.53), and the
Question Help o P7-15 (similar to) Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.53 per share (D. = $1.53), and the firm's required return is 11%. Find the market value of Lawrence's shares when dividends are expected to grow at 10% 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 $ (Round to the nearest cent.)
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