Question: Common stock value long dash Variable growth ?? Lawrence? Industries' most recent annual dividend was ?$1.95per share ?(D0equals=$ 1.95?), and the? firm's required return is

Common stock

valuelong dashVariable

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Lawrence? Industries' most recent annual dividend was ?$1.95per share ?(D0equals=$ 1.95?), and the? firm's required return is 10?%. Find the market value of? Lawrence's shares when dividends are expected to grow at 20?% annually for 3? years, followed by a 6?% constant annual growth rate in years 4 to infinity.

What is the market value of? Lawrence's shares?

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