Fey Fashions expects the following dividend pattern over the next seven? years: Year 1 Year 2 Year 3 Year 4 Year...

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Finance

Fey Fashions expects the following dividend pattern over thenext seven? years:
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
?$1.00
?$1.10
?$1.21
?$1.33
?$1.46
?$1.61
?$1.77
The company will then have a constant dividend of ?$2.00forever. What is the? stock's price today if an investor wants toearn
a. 17?%? $_ (Round to the nearest?cent.)
b. 22?%? $_ (Round to the nearest?cent.)

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Fey Fashions expects the following dividend pattern over thenext seven? years:Year 1Year 2Year 3Year 4Year 5Year 6Year 7?$1.00?$1.10?$1.21?$1.33?$1.46?$1.61?$1.77The company will then have a constant dividend of ?$2.00forever. What is the? stock's price today if an investor wants toearna. 17?%? $_______ (Round to the nearest?cent.)b. 22?%? $_______ (Round to the nearest?cent.)

Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7
?$1.00	?$1.10	?$1.21	?$1.33	?$1.46	?$1.61	?$1.77