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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 1.20 1.30 1.40 1.51 1.63 1.76 1.90

. The company will then have a constant dividend of $2.10 forever. What is the stock's price today if an investor wants to earn

a.17%?

b.21%?

a.What is the stock's price today if an investor wants to earn 17%?

$________(Round to the nearest cent.)

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