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Summit Systems will pay a dividend of $ 1.65 one year from now. If you expect Summit's dividend to grow by 6.4 % per year,
Summit Systems will pay a dividend of $ 1.65 one year from now. If you expect Summit's dividend to grow by 6.4 % per year, what is its price per share if its equity cost of capital is 11.4 %.
I need help with the formula for the following:
The price per share is $______. (Round to the nearest cent.)
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