Question: Summit Systems will pay a dividend of $1.43 this year. If you expect Summit's dividend to grow by 5.2% per year, what is its price

Summit Systems will pay a dividend of $1.43 this year. If you expect Summit's dividend to grow by 5.2% per year, what is its price per share if the firm's equity cost of capital is 11.3% The price per share is ? $ (Round to the nearest cent.)

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