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Assume Gillette Corporation will pay an annual dividend of 50 64 one year from now...

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Assume Gillette Corporation will pay an annual dividend of 50 64 one year from now Analysts expect this dividend to grow at 111% per year thereafter until the sixth year Thereafter growth will level of at 17% per year According to the DOM, what is the value of a share of Gillette stock if the firm's equity cost of capital is 8 6%? GGD The value of Gillette's stock is $(Round to the nearest cent)

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