Assume Gillette Corporation will pay an annual dividend of $0.64 one year from now. Analysts expect this dividend to gro

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Assume Gillette Corporation will pay an annual dividend of $0.64 one year from now. Analysts expect this dividend to gro

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Assume Gillette Corporation Will Pay An Annual Dividend Of 0 64 One Year From Now Analysts Expect This Dividend To Gro 1
Assume Gillette Corporation Will Pay An Annual Dividend Of 0 64 One Year From Now Analysts Expect This Dividend To Gro 1 (14.61 KiB) Viewed 12 times
Assume Gillette Corporation will pay an annual dividend of $0.64 one year from now. Analysts expect this dividend to grow at 11.5% per year thereafter until the fourth year. Thereafter, growth will level off at 1.6% per year. According to the DDM, what is the value of a share of Gillette stock if the firm's equity cost of capital is 7.5%? The value of Gillette's stock is $ (Round to the nearest cent.)
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