Question: Sorenson Corp. ' s expected year - end dividend is D 1 = $$ 1 . 8 0 , its required return is r s

Sorenson Corp.'s expected year-end dividend is D1=$$1.80, its required return is rs=11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future. What is Sorenson's expected stock price in 9 years, i.e., what is tilde(P)9? Do not round intermediate calculations.
a. $76.74
b. $44.32
c. $31.50
d. $46.54
e. $50.68
 Sorenson Corp.'s expected year-end dividend is D1=$$1.80, its required return is

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