Question: Summit Systems will pay a dividend of ( $ 46 ) in one year. If you expect Summit's dividend to grow by 6.0 per year,

$Summit Systems will pay a dividend of \$ \\$ 46 \$$

Summit Systems will pay a dividend of \$ \\$ 46 \$ in one year. If you expect Summit's dividend to grow by \6.0 per year, what is its share price if its equity cost of capital is \12 ? The price per share is \$ \\$ \$ (Round to the nearest cent.)

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