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Fey Fashions expects the following dividend pattern over the next seven years year 1 year 2 year 3 year 4 year 5 year 6

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

$1.30            $1.40                $1.51                  $1.63                 $1.76              $1.90                         $2.05

The company will then have a constant dividend of $2.30 forever. What is the stock's price today if an investor wants to earn: a. 15% b. 22%

 

Apr 07 2020 View more View Less

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