Question: please show all written work, explanation, and equations 7. (10 points). Sunrise Corp.'s expected year-end dividend is D = $4.00, its required return is rs

please show all written work, explanation, and equations

7. (10 points). Sunrise Corp.'s expected year-end dividend is D = $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.c., what P, is? Do not round intermediate calculations

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