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Sorenson Corp

Question 61

Multiple Choice

Sorenson Corp.'s expected year-end dividend is D1 = $1.90,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 ? Do not round intermediate calculations. Sorenson Corp.'s expected year-end dividend is D<sub>1</sub> = $1.90,its required return is r<sub>s</sub> = 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 ? Do not round intermediate calculations. A) $37.87 B) $50.35 C) $47.68 D) $38.77 E) $44.56


A) $37.87
B) $50.35
C) $47.68
D) $38.77
E) $44.56

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