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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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