1. Sorenson Corp.'s expected year-end dividend is D1=$3.80, 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 P7 ? Do not round intermediate calculations. ANSWER: 2. Stock X has the following data. Assuming the stock market is efficient and the stock is in equilibrium, which of the following statements is CORRECT? a. The stock's required return is 10%. b. The stock's expected dividend yield and growth rate are equal. c. The stock's expected dividend yield is 5%. d. The stock's expected capital gains yield is 5%. e. The stock's expected price 10 years from now is $100.00