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Sorenson Corp.'s expected year-end dividend is D1 = $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
A. $90.05
B. $85.36
C. $87.24
D. $76.92
E. $93.81


Answer: E

Business

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