Question $6$

$3$ pts

Sorenson Corp.$\text{'}$s expected year$-$end dividend is $D_1=$$$2\mathrm{.}60,$ its required return is $r_s=8\mathrm{.}00\%,$ its dividend yield is $3\mathrm{.}00\%,$ 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 the price at $t=7($i$.$e$.,$ P$7)?$

$$ $$125\mathrm{.}61$

$$141\mathrm{.}37$

$$129\mathrm{.}40$

$$123\mathrm{.}44$

$$121\mathrm{.}95$