How do Find the market value of Lawrence

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Problem 1: Lawrence Industries' most recent annual dividend was $1.80 per share ?(D0=$1.80?), and the firm's required return is 11%. Find the market value of Lawrence's shares when dividends are expected to grow at 8% annually for 3 years, followed by a 5% constant annual growth rate in years 4 to infinity.

Reference no: EM132915513

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