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54 of 55 Sorenson Corp.'s expected year-end dividend is D = $2.10, its required return is rs - 15.00%, its dividend yield is 6.00%, and
54 of 55 Sorenson Corp.'s expected year-end dividend is D = $2.10, its required return is rs - 15.00%, 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 8 years, i.e., what is Ps? Do not round intermediate calculations. a. $107.07 b. $38.15 c. $55.78 d. $63.98 e. $69.74
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