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Summit Systems will pay a dividend of $1.54 one year from now. If you expect Summit's dividend to grow by 5.8 % per year, what
Summit Systems will pay a dividend of $1.54 one year from now. If you expect Summit's dividend to grow by 5.8 % per year, what is its price per share if its equity cost of capital is 10.3 %?
Can you assist with the formula to help determine the price per share is $_______.
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
