Assume gillette corporation will pay an annual dividend of


Assume Gillette Corporation will pay an annual dividend of $0.65 one year from now. Analysts expect this dividend to grow at 11.3% per year thereafter until the 6th year.? Thereafter, growth will level off at 2.4% 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: Assume gillette corporation will pay an annual dividend of
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