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Sorenson 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
Sorenson 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 Sorenson's expected stock price in 7 years, i.e., what is ?
$85.36
$90.05
$87.24
$76.92
$93.81
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