Question: The Ramirez Company current dividend was $1.90. Its dividend will grow by 6%, 7%, 8% and 9% for the first 4 years. And then, dividends

The Ramirez Company current dividend was $1.90. Its dividend will grow by 6%, 7%, 8% and 9% for the first 4 years. And then, dividends to grow at a rate of 5% forever. It's required return is 15%. 1- what is the estimated stock price at year 4? 2- what is the estimate of stock price at year 0?

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