Question: 2. Please Help Summit Systems will pay a dividend of $1.55 one year from now. If you expect Summit's dividend to grow by 6.3% per

2. Please Help

2. Please Help Summit Systems will pay a dividend of $1.55 one

Summit Systems will pay a dividend of $1.55 one year from now. If you expect Summit's dividend to grow by 6.3% per year, what is its price per share if its equity cost of capital is 11.2%? The price per share is $ (Round to the nearest cent.)

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