Question: Sorenson Corp. ' s expected year - end dividend is D 1 = $ 2 . 3 0 , its required return is r s

Sorenson Corp.'s expected year-end dividend is D1=$2.30, its required return is rs=14.00%, 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 5 years, i.e., what is tilde(P)5? Do not round intermediate calculations.
a. $41.40
b. $73.81
c. $56.32
d. $51.30
e. $52.15
 Sorenson Corp.'s expected year-end dividend is D1=$2.30, its required return is

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