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Fey Fashions expects the following dividend pattern over the next seven years: The company will then have a constant dividend of $2.30 forever. What is
Fey Fashions expects the following dividend pattern over the next seven years:
The company will then have a constant dividend of $2.30 forever. What is the stock's price today if an investor wants to earn:
a. 16%?
b. 20%?
(Click on the following icon in order to copy its contents into a spreadsheet.) Year 1 $1.30 Year 2 $1.40 Year 3 $1.51 Year 4 $1.63 Year 5 $1.76 Year 6 $1.90 Year 7 $2.05Step by Step Solution
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