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Assume Gillette Corporation will pay an annual dividend of 50 68...

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Accounting

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Assume Gillette Corporation will pay an annual dividend of 50 68 one year from now. Analysts expect this dividend to grow at 11% per year thereafter until the 5th year Thereafter growth will level off at 17% 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 79% The value of Gillette's stock is ! (Round to the nearest cent)

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