According to the dividend-discount model what is the value


Assume Gillette Corporation will pay an annual dividend of $ 0.65 one year from now. Analysts expect this dividend to grow at 12.4% per year thereafter until the 4th year.Thereafter, growth will level off at 2.2% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equity cost of capital is 7.8%.

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Financial Management: According to the dividend-discount model what is the value
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