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Sorenson Corp.'s expected year-end dividend is D = $3.80, its required return is r, 11.00%, its dividend yield is 6.00%, and its growth rate
Sorenson Corp.'s expected year-end dividend is D = $3.80, 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 P? Do not round intermediate calculations. $103.37 $78.42 $90.01 $102.48 $89.12
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