Question: Sorenson Corp.'s expected year-end dividend is D1=$0.70. its required return is r5=11.00%, its dividend yield is 6.00%, and its growth rate is expected to be

Sorenson Corp.'s expected year-end dividend is D1=$0.70. its required return is r5=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. Le. what is P~7 Do not round intermediate calculations. $15.27 $17.24 $17.40 $19.37 $16.42

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