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Sorenson Corp.s expected year-end dividend is D 1 = $1.60, its required return is r = 11.00%, its dividend yield is 6.00%, and its growth

Sorenson Corp.s expected year-end dividend is D1 = $1.60, its required return is r = 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 P7? Show work

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