Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.63 per share (D0=1.63),...
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Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.63 per share (D0=1.63), and the firm's required return is 10%. 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
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