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Fey Fashions expects the following dividend pattern over the next seven​ years: Year 1 -- $1.00...

Fey Fashions expects the following dividend pattern over the next seven​ years:

Year 1 -- $1.00

Year 2 -- $1.10

Year 3 -- $1.21

Year 4 -- $1.33

Year 5 -- $1.46

Year 6 -- $1.61

Year 7 ​-- $1.77

The company will then have a constant dividend of ​$2.00 forever. What is the​ stock's price today if an investor wants to earn..

a.  15​%?

b.  20​%?

Please show work! round answer to nearest cent.

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