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Fey Fashions expects the following dividend pattern over the next seven years: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year

Fey Fashions expects the following dividend pattern over the next seven years:

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

$1.401.40

$1.511.51

$1.631.63

$1.761.76

$1.901.90

$2.052.05

$2.212.21

The company will then have a constant dividend of

$2.402.40

forever. What is the stock's price today if an investor wants to earna.

1515%?

b.

2222%?

a.What is the stock's price today if an investor wants to earn

1515%?

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