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Save Homework: Chapter 7 Homework Score: 0 of 1 pt X P7-15 (similar to) 5 of 8 (5 complete) HW Score: 45.83%, 3.67 of 8

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Save Homework: Chapter 7 Homework Score: 0 of 1 pt X P7-15 (similar to) 5 of 8 (5 complete) HW Score: 45.83%, 3.67 of 8 pts E Question Help Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.91 per share (D-$1.91). and the firm's required return is 13%. Find the market value of Lawrence's shares when dividends are expected to grow at 15% 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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