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Audubon Corp. recently paid a $ 1 . 5 0 dividend per share and announced that future dividend growth would be maintained at 2 %

Audubon Corp. recently paid a $1.50 dividend per share and announced that future dividend growth would be maintained at 2% annually. If investors require 7.8% return on such an investment, how much will the stock likely sell for today?
$19.23
$26.37
$17.24
$29.03
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