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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 1.40 1.51 1.63 1.76 1.90 2.05 2.21
The company will then have a constant dividend of $2.40 forever.
What is the stock's price today if an investor wants to earn
a.15%?
b.22%?
a.What is the stock's price today if an investor wants to earn 15%?
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