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IceThin Inc. currently pays a annual cash dividend of $3.4 per share. It is estimated that the company's dividend will grow at a rate of
IceThin Inc. currently pays a annual cash dividend of $3.4 per share. It is estimated that the company's dividend will grow at a rate of 25% per year for the next 3 years and then at a constant annual rate of 4% thereafter. The company's stock has a beta of 1.5, the risk-free rate is 5% and the market risk premium is 8%. What is the estimated price of the company's stock at the end of year 5
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