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. 30%