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25. Chapter MC, Section 09, Problem 067 Sorenson Corp.'s expected year-end dividend is D1 - $4.00, its required return is ts - 11.00%, its dividend

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25. Chapter MC, Section 09, Problem 067 Sorenson Corp.'s expected year-end dividend is D1 - $4.00, its required return is ts - 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 P,? Do not round intermediate calculations. Ca. 576.92 Ob. $87.24 Oc. $85.36 Od. $93.51 Oe. $90.05

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