Fey Fashions expects the following dividend pattern over the next seven years, The company will then have a constant dividend of $3.40 forever. What is thestock's price today if an investor wants to earn

a. 16% b. 22%

a.What is the stock's price today if an investor wants to earn16%?

b.What is the stock's price today if an investor wants to earn 22%?

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 1.50 1.68 1.88 2.11 2.36 2.64 2.96