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FGT. Corp. recently announced that all future dividends will be increased by 2 percent annually and the firm just paid their annual dividend of $2.20

FGT. Corp. recently announced that all future dividends will be increased by 2 percent annually and the firm just paid their annual dividend of $2.20 a share. What is the stock worth if the market requires a 14 percent rate of return?

Group of answer choices

$18.27

$18.33

$18.14

$18.70

$18.87

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