Summit Systems will pay an annual dividend of $1.42 this year. If you expect Summit's dividend to grow by 5.6% per year, what is its price per share if the firm's equity cost of capital is 11.6%? The price per share is $ (Round to the nearest cent.) What is the maximum payoff that a long put option can have? How about a long call option? What is the maximum payoff that a long put option can have? A. Twice the difference of the price of the put at the time of purchase and the strike price B. The strike price C. The stock price at the time of purchase OD. There is no maximum payoff for a long put option. What is the maximum payoff that a long call option can have? O A. The stock price at the time of purchase B. Twice the difference of the price of the call at the time of purchase and the strike price C. The strike price D. There is no maximum payoff for a long call option