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*Please Provide Complete Straight Forward Answers* Summit Systems will pay a dividend of $1.50 this year. If you expect Summit's divi- dend to grow by

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Summit Systems will pay a dividend of $1.50 this year. If you expect Summit's divi- dend to grow by 6% per year, what is its price per share if the firm's equity cost of capital is 11%? Summit Systems will pay a dividend of $1.50 this year. If you expect Summit's divi- dend to grow by 6% per year, what is its price per share if the firm's equity cost of capital is 11%

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