If you expect summits dividend to grow by 57 per year what


Summit Systems will pay a dividend of $1.56 one year from now.  If you expect Summit's dividend to grow by 5.7% per year, what is its price per share if its equity cost of capital is 10.2%?

The price per share is $______ (Round to nearest cent)

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Basic Statistics: If you expect summits dividend to grow by 57 per year what
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