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years Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.28 per share (D = $1.28), and the firm's required return is 14%

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years Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.28 per share (D = $1.28), and the firm's required return is 14% Find the market value of Lawrence's shares when dividends are expected to grow at 10% annually for 3 years, followed by a 5% constant annual growth rate in to infinity The market value of Lawrence's shares is $ (Round to the nearest cent.)

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