Question: Common stock value - Variable growth Lawrence Industries' most recent annual dividend was $1 19 per share (D0=$11.19), and the firm's required retum is 11%.

Common stock value - Variable growth Lawrence Industries' most recent annual

Common stock value - Variable growth Lawrence Industries' most recent annual dividend was \$1 19 per share (D0=$11.19), and the firm's required retum is 11%. Find the market value of Lawrence's shares when dividends are expected to grow at 30% annually for 3 years, followed by a 3% constant annual growith fato in youra A to infinity The market value of Lawrence's shares is (Round to the nearest cent.)

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