Question: Summit Systems will pay a dividend of $ 1 . 6 1 this year. If you expect Summit's dividend to grow by 5 . 1

Summit Systems will pay a dividend of $1.61 this year. If you expect Summit's dividend to grow by 5.1% per year, what is its price per share if the firm's equity cost of capital is 10.9%?
The price per share is $,.(Round to the nearest cent.)
Summit Systems will pay a dividend of $1.61 this year. If

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