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Fey Fashions expects the following dividend pattern over the next seven years: The company will then have investor wants to earn a. 15%? b. 20%?
Fey Fashions expects the following dividend pattern over the next seven years: The company will then have investor wants to earn a. 15%? b. 20%? ( a. What is the stock's price today if an investor wants to earn 15%? (Round to the nearest cent.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Year 1 Year 2 Year 3 Year 4 Year 5 $1.00 $1.10 $1.21 $1.33 $1.46 Print Done Year 6 $1.61 constant dividend of $2.00 forever. What is the stock's price today if an Year 7 $1.77
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