Common stock value long-variable growth

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Common stock value long -Variable growth Lawrence Industries' most recent annual dividend was $1.08 per share (D0=$ 1.08), 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 6% constant annual growth rate in years 4 to infinity.

Reference no: EM132044473

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