What is the stock price today of investor

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Fey fashions expects the following dividend pattern over the next 7 yrs.

Yr1-$1.00

Yr2-$1.10

Yr3-$1.21

Yr4-$1.33

Yr5-$1.46

Yr6-$1.61

Yr7-$1.77

The company will have a constant dividend of $2.00 forever. What is the stock’s price today of an investor wants to earn 21%?

Reference no: EM131925392

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