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Summit Systems will pay a dividend of $20 in one year. If you expect Summit's dividend to grow by 6.0% per year, what is its

Summit Systems will pay a dividend of $20 in one year. If you expect Summit's dividend to grow by 6.0% per year, what is its share price if its equity cost of capital is 12%? The price per share is $___ (Round to the nearest cent.)

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