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Sorenson Corp. ' s expected year - end dividend is D 1 = $ 4 . 5 0 , its required return is r s

Sorenson Corp.'s expected year-end dividend is D1=$4.50, its required return is rs=15.00%, and its growth rate is expected to be constant at 5% in the future. What is Sorenson's expected stock price in 11 years, i.e., what is widehat(P)11?
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