Find the market value of lawrence shares

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Reference no: EM131599552

Lawrence industries most recent annual dividend was $2.46 per share (D0 = $2.46), and the firm's required return is 16%. Find the market value of Lawrence's shares when the dividends are expected to grow at 20% annually for 3 years, followed by a 6% constant growth rate in years 4 to infinity.

The market value of Lawrence's shares is $___?

Reference no: EM131599552

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