Question: Sorenson Corp. ' s expected year - end dividend is D 1 = $ 4 . 0 0 , its required return is r S

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 tilde(P)7? Do not round intermediate calculations.
a. $76.92
b. $87.24
c. $85.36
d. T.
 Sorenson Corp.'s expected year-end dividend is D1=$4.00, its required return is

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