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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 (table)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 |
$1.20 | $1.31 | $1.43 | $1.56 | $1.70 | $1.85 | $2.02 |
a) What is the stock's price today if an investor wants to earn 14%
b) What is the stock's price today if an investor wants to earn 22%
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