Question: PLS EXPLAIN ON EXCEL I AM TRYING TO LEARN HOW TO USE IT MORE Problem 3: Challenging your thinking. Without using the perpetuity formulas, approximate

PLS EXPLAIN ON EXCEL I AM TRYING TO LEARN HOW TO USE IT MORE Problem 3: Challenging your thinking. Without using the perpetuity formulas, approximate the present value at time 0 of a stock that pays a dividend of $\$ 3$ at the end year 1, and the dividends grow at a rate of $3\%$, forever. The discount rate is $6\%$.

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