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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

$1.30 $1.40 $1.51 $1.63 $1.76 $1.90 $2.05

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. 15%

b. 30%

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