Sorenson Corp $$\tilde { P } _ { 7 }$$ ? Do Not Round Intermediate Calculations

question 65

Multiple Choice

Sorenson Corp.'s expected year-end dividend is D₁ = $4.00,its required return is r_s = 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 $$\tilde { P } _ { 7 }$$
? Do not round intermediate calculations.

• A) $90.05
• B) $85.36
• C) $87.24
• D) $76.92
• E) $93.81

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