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Summit Systems will pay a dividend of $2 this year. If you expect Summit's dividend to grow by 5% per year, what is its price

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Summit Systems will pay a dividend of $2 this year. If you expect Summit's dividend to grow by 5% per year, what is its price per share if the firm's equity cost of capital is 10%? Select one: o a. $20 ob. $30 o c. $40 d. $50

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