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What is price per share if equity cost of capital is percent

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Reference no: EM132929138

Problem 1: Summit Systems will pay a dividend of $1.50 this year. If you expect Summit's dividend to grow by 6% per year, what is its price per share if its equity cost of capital is 11%?

A. $25
B. $30
C. $35
D. $40

 

Reference no: EM132929138

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