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Fey Fashions expects the following dividend pattern over the next seven​ years, The company will then...

Fey Fashions expects the following dividend pattern over the next seven​ years, The company will then have a constant dividend of $3.40 forever. What is the​stock's price today if an investor wants to earn

a. 16% b. 22%

a.  What is the​ stock's price today if an investor wants to earn16​%?

b.  What is the​ stock's price today if an investor wants to earn 22%?

Year 1   Year 2   Year 3   Year 4   Year 5   Year 6   Year 7
1.50 1.68 1.88 2.11 2.36 2.64 2.96

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