Question: Please help :) Thank you! Summit Systems will pay a dividend of $1.51 this year. If you expect Summit's dividend to grow by 6.4% per

Please help :) Thank you! Please help :) Thank you! Summit Systems will pay a dividend of

Summit Systems will pay a dividend of $1.51 this year. If you expect Summit's dividend to grow by 6.4% per year, what is its price per share if the firm's equity cost of capitalis 10 3%? The price per share is $ (Round to the nearest cent)

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