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Summit Systems will pay an annual dividend of $1.56 this year. If you expect Summit's dividend to grow by 6.7% per year, what is its

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Summit Systems will pay an annual dividend of $1.56 this year. If you expect Summit's dividend to grow by 6.7% per year, what is its price per share if the firm's equity cost of capital is 11.4%? The price per share is $7 (Round to the nearest cent.)

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