Question: please answer ASAP! Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.27 per share (D. = $2.27), and the firm's required return
Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.27 per share (D. = $2.27), and the firm's required return is 13%. Find the market value of Lawrence's shares when dividends are expected to grow at 20% annually for 3 years, followed by a 3% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is $. (Round to the nearest cent.)
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