What is sorenson expected stock price in 7 years

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Sorenson Corp.'s expected year-end dividend is D1 = $1.60, its required return is rs = 11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future. What is Sorenson's expected stock price in 7 years, i.e., what is ?

Answer

$37.52
$39.40
$41.37
$43.44
$45.61

Reference no: EM13300242

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