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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 $3.00 forever. What is

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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 $3.00 forever. What is the stock's price today if an investor wants to ear a. 16%? b. 20%? a. What is the stock's price today if an investor wants to earn 16%? (Round to the nearest cent.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Year 1 $1.30 Year 2 $1.46 Year 3 $1.64 Year 4 $1.84 Year 5 $2.06 Year 6 $2.31 Year 7 $2.59

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