Question: Question Help Summit Systems will pay a dividend of $1.47 one year from now. If you expect Summit's dividend to grow by 5.6% per year,

Question Help Summit Systems will pay a dividend of $1.47 one

Question Help Summit Systems will pay a dividend of $1.47 one year from now. If you expect Summit's dividend to grow by 5.6% per year, what is its price per share if its equity cost of capital is 10.8%? The price per share is $ (Round to the nearest cent.)

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