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Fey Fashions expects the following dividend pattern (6 dividend increases at a CONSTANT growth rate): Year 1 Year 2 Year 3 Year 4 Year 5
Fey Fashions expects the following dividend pattern (6 dividend increases at a CONSTANT growth rate): Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 $1.00 $1.10 $1.21 $1.33 $1.46 $1.61 $1.77 Then the company will have a constant dividend of $2.00 forever. What is the price of this stock today if an investor wants to earn 20%
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