Question: SOLVE THE PROBLEM BELOW:SHOW YOUR WORK If a stock is expected to pay a dividend of $50 for the current year, what is the approximate

SOLVE THE PROBLEM BELOW:SHOW YOUR WORK

If a stock is expected to pay a dividend of $50 for the current year, what is the approximate present value of this stock, given at discount rate of 7% and a dividend growth rate of 2%?

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