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Sorenson Corp.'s expected year-end dividend is D1=$0.70, its required return is r5=11.00%, its dividend yield is 6.00%, and its growth rate is expected to be

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Sorenson Corp.'s expected year-end dividend is D1=$0.70, its required return is r5=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~7 ? Do not round intermediate calculations. $19.37$17.40$15.27$16.42$17.24

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