= Homework: Chapter 7. Stock Valuation > Question 10, P7-15 (book/static) HW Score: 0%, 0 of 16 points O Points: 0 of 1 Save Next question Common stock value Variable growth Lawrence Industries' most recent annual dividend was $1,80 per share (Do = $1.30), and the firm's required return is 11%. Find the market value of Lawrence's shares when dividends are expected to grow at 8% 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 s (Round to the nearest cent.)