Question: Sorenson Corp.'s expected year-end dividend is D = $0.70, its required return is rs = 11.00%, its dividend yield is 6.00%, and its growth

Sorenson Corp.'s expected year-end dividend is D = $0.70, 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 P? Do not round intermediate calculations. $17.24 O $16.42 O $19.37 $15.27 O $17.40

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