Find the market value of shares when dividends

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Reference no: EM131300133

Lawrence Industries' most recent annual dividend was $2.09 per share, and the firm's required return is 16%. Find the market value of Lawrence's shares when dividends are expected to grow at 20% annually for 3 years, followed by a 4% constant annual growth rate in years 4 to infinity.

Reference no: EM131300133

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