Question: Sorenson Corp.’s expected year-end dividend is D1= $1.60, 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 pp7? A$37.52B$39.40C$41.37D$43.44E$45.61
Question: Chuck has $2,500 invested in a bank that pays 4% annually. How long will it take for his funds to double?