Answer:
Estimated current stock price is $46.84
Step-by-step explanation:
First we have to find the value of dividend payment 
Given 
Yearly growth rate for next 2 years(
)=38.00%


Growth after two years will 6% indefinitely


Estimate of current stock price is


=$46.84
Estimate of current stock price is =$46.84
3(9 - 8x - 4x) + 8(3x + 4) = 11
3(9 - 12x) + 8(3x + 4) = 11
27 - 36x + 24x + 32 = 11
59 - 12x = 11
-12x = 11 - 59
-12x = -48
x = 4
hope this helps, God bless!
6 goes 4 times into 28 because 6 x 4 = 24
7000*.03*6=?? Step 1. multiply 7000*.03=210 Step 2. multiply 210*6=1260. the answer is $1,260.00