Question: Please show excel calculations! Question 9 (Mandatory) (10 points) Listen = Michaels Corp.'s expected year-end dividend is D1 = $1.50, its required return is rs

Please show excel calculations!

Please show excel calculations! Question 9 (Mandatory) (10 points) Listen = Michaels

Question 9 (Mandatory) (10 points) Listen = Michaels Corp.'s expected year-end dividend is D1 = $1.50, its required return is rs = 12.00%, its dividend yield is 8.00%, and its growth rate is expected to be constant in the future. What is Michaels' expected stock price in 7 years, i.e., what is P7? 1) $24.67 2) $25.91 3) $27.20 4) $28.56 5) $29.99

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