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Fey Fashions expects the following dividend pattern over the next seven years: Year 1 Year...

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Finance

Fey Fashions expects the following dividend pattern over the next seven years: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 $1.20 $1.30 $1.40 $1.51 $1.63 $1.76 $1.90 The company will then have a constant dividend of $2.10 forever. What is the stock's price today if an investor wants to earn a. 14%? b. 20%?

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