Question: Sorenson Corp.'s expected year-end dividend is D1=$2.00, its required return is rs=9.00%, its dividend yield is 6.00%, and its growth rate is expected to be

Sorenson Corp.'s expected year-end dividend is D1=$2.00, its required return is rs=9.00%, 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 P5 ? Do not round intermediate calculations. a. $37.52 b. $44.61 c. $51.29 d. $34.33 e. $38.64

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