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Summit Systems will pay a dividend of $1.64 this year. If you expect Summit's dividend to grow by 6.5% per year, what is its price

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Summit Systems will pay a dividend of $1.64 this year. If you expect Summit's dividend to grow by 6.5% per year, what is its price per share if the firm's equity cost of capital is 10.1%? Dorpac Corporation has a dividend yield of 1.1%. Its equity cost of capital is 7.2%, and its dividends are expected to grow at a constant rate. a. What is the expected growth rate of Dorpac's dividends? b. What is the expected growth rate of Dorpac's share price

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