Question: please answer this Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.58 per share (D = $2.58), and the firm's required return
Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.58 per share (D = $2.58), and the firm's required return is 16%. Find the market value of Lawrence's shares when dividends are expected to grow at 15% 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.)
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