Question: You need to write down all necessary steps/formulas leading to your results in EXCEL FORMAT: Sorenson Corp.s expected year-end dividend is D1 = $2.00, its

You need to write down all necessary steps/formulas leading to your results in EXCEL FORMAT:

Sorenson Corp.s expected year-end dividend is D1 = $2.00, its required return is r = 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 P7?

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