Question: hello, i need help solving this HW problem. Due tonight Summit Systems will pay a dividend of $1.48 this year. If you expect Summit's dividend

hello, i need help solving this HW problem. Due tonight

Summit Systems will pay a dividend of $1.48 this year. If you expect Summit's dividend to grow by 5.7% per year, what is its price per share if the firm's equity cost of capital is 11.7% ? The price per share is $ (Round to the nearest cent.)

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