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Sorenson Corp.s expected year-end dividend is D1= $1.90, its required return is rs= 13.5%, its ...

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Sorenson Corp.s expected year-end dividend is D1= $1.90, its required return is rs= 13.5%, its ...

Sorenson Corp.’s expected year-end dividend is D₁= $1.90, its required return is r_s= 13.5%, its dividend yield is 9%, and its growth rate is expected to be constant in the future. What is Sorenson’s expected stock price in 8 years; that is, what is P₈?

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$21.36

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$24.95

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$28.50

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$30.02

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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Thank you, thank you, thank you!

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