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Lawrence Industries most recent annual dividend market value of Lawrences shares when diddends are expected to grow at 8% annually growth from year 4 to infinity was $1.80 per share (DO-$1.80, and the firms required return is 11%. Find the for 3 years, followed by a S% constant Answers: A. $39.68 B. $29.01 C. $34.13 D. $5.11 Response Feedback: Try again! These hints may help you
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Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum Wrap Text aCopy ▲· 逻锂函Merge & Center. $, % , 弼, Paste B I 프 . 灬 Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard MT29 MJ Font Alignment Number Cells MK ML MN MO MP MQ MR MS MT MU MV MW 13 14 15 16 17 18 19 20 21 DO 1.8 D2 D3 D4 1.9440 1.8 (1+0.08) 2.0995 1.944 (1+0.08) 2.2675 2.0995*(1+0.08) 2.3809 2.2675*(1+0.05) 2.3809/(0.11-0.05) 39.68 23 24 25 26 27 28 29 30 31 YEAR DIVIDENDP3 PV FACTOR AT 1196 PV OF DIVIDEND P3 1 1.9440 2 2.0995 3 41.9491 0.9009 0.8116 0.7312 1.75 1.70 30.67 34.13 (2.3809 39.68) ANSWER: C:$34.13 4HKE CAPM UTILITY, SH beta bond c future INDEX INTL CAP BUD ING PV, FV, ANNUITY DIR cleanYIELD bond stru WACC ( RESİ ex di| | erences: GZ38 130% 05:30 01-02-2019

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