Question: LB Moore has 2 7 , 0 0 0 shares of common stock outstanding. The firm just paid an annual dividend of $ 1 .

LB Moore has 27,000 shares of common stock outstanding. The firm just paid an annual dividend of $1.40 per share on this stock. The market rate of return is 13.00 percent. What will one share of this stock be worth one year from now if the dividends grow by 3.40 percent annually?

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