Question: Summit Systems will pay a dividend of exist1.57 this year. If you expect Summit's dividend to grow by 6.7% per year, what is its price

Summit Systems will pay a dividend of exist1.57 this year. If

Summit Systems will pay a dividend of exist1.57 this year. If you expect Summit's dividend to grow by 6.7% per year, what is its price per share if the firm's equity cost of capital is 11.1%? The price per share is exist

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