Sorenson corps expected year-end dividend is d1nbsp 160 its, Finance Basics

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Sorenson corps expected year-end dividend is d1nbsp 160 its

Sorenson Corp.'s expected year-end dividend is D₁ = $1.60, 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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