Question: Sorenson Corp.'s expected year-end dividend is D,-$4.00, its required return is rs = 11.00%, its dividend yield is 6.00%, and its growth rate is expected

Sorenson Corp.'s expected year-end dividend is D,-$4.00, 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 the expected stock price in 7 years? 9

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