sos

Fey Fashions expects the following dividend pattern over the next seven years: Year 1 $1.40 Year 2 $1.54 Year 3 $1.69 Year 4 $1.86 Year 5 $2.05 Year 6 $2.26 Year 7 $2.49 The company will then have a constant dividend of $2.80 forever. What is the stock's price today if an investor wants to earn a. 17%? b. 21%? a. What is the stock's price today If an investor wants to earn 17%? (Round to the nearest cent.) b. What is the stock's price today if an investor wants to earn 21%? (Round to the nearest cent.)