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Summit Systems will pay a dividend of $1.52 one year from now. If you expect Summit's dividend to grow by 6.9% per year, what is

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Summit Systems will pay a dividend of $1.52 one year from now. If you expect Summit's dividend to grow by 6.9% per year, what is its price per share if its equity cost of capital is 10.5%? The price per share is $ . (Round to the nearest cent.)

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