P7-15 Common stock value: Variable growth

Common stock value: Variable growth Lawrence Industries' most recent annual dividend was $1.80 per share (Do-$1.80), and the firm's required return is 1 1%. Find the market value of Lawrence's shares when: P7-15 Dividends are expected to grow at 8% annually for 3 years, followed by a 5% a. constant annual growth rate in year 4 to infinity constant annual growth rate in year 4 to infinity constant annual growth rate in year 4 to infinity. b. Dividends are expected to grow at 8% annually for 3 years, followed by a 0% C. Dividends are expected to grow at 8% annually for 3 years, followed by a 10%