Question: Common stock value Variable growth Lawrence Industries' most recent annual dividend was $1.08 per share (D - $1.08), and the firm's required retum is 10%.

Common stock value Variable growth Lawrence Industries' most recent annual dividend was $1.08 per share (D - $1.08), and the firm's required retum is 10%. Find the market value of Lawrence's shares when dividends are expected to grow at 15% annually for 3 years, followed by a 5% constant annual growth rate in years 4 to infinity The market value of Lawrence's shares is 5 (Round to the neare

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