Question: Sorenson Corp.s expected year-end dividend is D 1 = $1.60, its required return is r s = 11.00%, its dividend yield is 4.50%, and its

Sorenson Corp.s expected year-end dividend is D₁ = $1.60, its required return is r_s = 11.00%, its dividend yield is 4.50%, and its growth rate is expected to be constant in the future. What is Sorensons expected stock price in 8 years, i.e., what is P8?

	A.	58.84
	B.	65.32
	C.	56.20
	D.	61.49

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