What is the market value of lawrence shares

Reference no: EM131792885

Question: Lawrence Industries' most recent annual dividend was $2.14per share (D0equals$ 2.14),and the firm's required return is 11%.Find the market value of Lawrence's shares when dividends are expected to grow at 15%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.)

Reference no: EM131792885

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