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 grow at 11.1% per year thereafter until the 4th year.​ Thereafter, growth will level off at 1.6% 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 7.6%​?
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