Lawrence industries most recent annual dividend was 238 per, Ask an Expert

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Lawrence? Industries' most recent annual dividend was ?$2.38 per share ?(D0equals $ 2.38?), and the? firm's required return is 15 ?%. Find the market value of? Lawrence's shares when dividends are expected to grow at 30 ?% annually for 3? years, followed by a 5 ?% 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92296201

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