Sorenson, Inc., is expected to pay equal dividends at the end of each of the next two
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Sorenson, Inc., is expected to pay equal dividends at the end of each of the next two years. Thereafter, the dividend will grow at a constant annual rate of 3.2 percent, forever. The current stock price is $75. What is next year’s dividend payment if the required rate of return is 11 percent?
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Related Book For 
Corporate Finance
ISBN: 9781260772388
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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