Forward Price Calculation for Equity Forwards

XYZ Corporation is currently trading at a share price of $50. The company is expected to pay a dividend of $2 per share in one year. Additionally, the risk-free interest rate is 5%. Assume there are no transaction costs or other market frictions. You are tasked with calculating the forward price of XYZ Corporation's stock for delivery in one year.

What is the appropriate forward price for a one-year equity forward contract on XYZ Corporation?