If you expect summits dividend to grow by 66 per year what


Summit Systems will pay a dividend of $1.45 this year. If you expect Summit's dividend to grow by 6.6% per year, what is its price per share If the firm's equity cost of capital is 11.7%?

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

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Financial Management: If you expect summits dividend to grow by 66 per year what
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