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7. (10 points). Sunrise Corp.s expected year-end dividend is D1 = $4.00, its required return is rs = 11.00%, its dividend yield is 6.00%, and

image text in transcribed7. (10 points). Sunrise Corp.s expected year-end dividend is D1 = $4.00, 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 Sorensons expected stock price in 7 years, i.e., what is ? Do not round intermediate calculations. *******PLEASE DO NOT COPY OTHER CHEGG ANSWERS******

7. (10 points). Sunrise Corp.s expected year-end dividend is D1 = $4.00, 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 Sorensons expected stock price in 7 years, i.e., what P, is ? Do not round intermediate calculations

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