Growth rate is expected to be constant in the future

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Sorenson Corp.’s expected year-end dividend is D1 = $1.60, 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 p^7? A $37.52 B $39.40 C $41.37 D $43.44 E $45.61

Reference no: EM131186317

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