If a stock is expected to pay a dividend of $40 for the current year,what is the approximate present value of this stock,given at discount rate of 5% and a dividend growth rate of 3%?

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The Answer of If a stock is expected to pay a dividend of $40 for the current year,what is the approximate present value of this stock,given at discount rate of 5% and a dividend growth rate of 3%?

If a Stock Is Expected to Pay a Dividend of $40