Asume gillette corporation will pay an annual dividend of , Financial Management

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Asume 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 12.0 % per year thereafter until the 55th year.? Thereafter, growth will level off at 2.0 % 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 8.0 %

The value of? Gillette's stock is?

(Round to the nearest? cent.)

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Financial Management: Asume gillette corporation will pay an annual dividend of

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Financial Management: Asume gillette corporation will pay an annual dividend of

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