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Summit Systems has an equity cost of capital of 103% wit pay a dividend of...

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Summit Systems has an equity cost of capital of 103% wit pay a dividend of $1.75 in one year, and its dividends had been expected to grow by 70% per year. You read in the paper that Surme Syster has and growth prospect and now expects its dividends to grow at a rate of 40% per year forever What is the drop in Ne of a shore of Summit Systems stock based on this information if you tried to tell your Summit Syster och for reading this w, what price would you be key to ger? Why? What is the drop in value of a share of Summit Systems stock based on this information? The drop in value of a share of Summit Systems stockiss (Round to the rest cont.)

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