Question: Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.44 per share (D. = 51.44), and the firm's required return is 13%. Find

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

Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.44 per share (D. = 51.44), and the firm's required return is 13%. Find the market value of Lawrence's shares when dividend are expected to grow at 8% annually for 3 years, followed by a 4% constant annual growth rate in years 4 to infinity The market value of Lawrence's shares is $(Round to the nearest cent) Enter your answer in the answer box and then click Check

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