Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $2.38per share (D0=$2.38), and...
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Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $2.38per share (D0=$2.38), and the firm's required return is 13%. Find the market value of Lawrence's shares when dividends are expected to grow at 8% annually for 3 years, followed by a 7% constant annual growth rate in years 4 to infinity.
QUESTION: The market value of Lawrence's shares is $ ?
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