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Assume Gilette Corporation will pay an annual dividend of $0.62 one year from now. Analysts expect this dividend to grow at 11.8% per year thereafter

Assume Gilette Corporation will pay an annual dividend of $0.62 one year from now. Analysts expect this dividend to grow at 11.8% per year thereafter until the 5th year. Thereafter, growth will level Of a 2.1% 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 8.2%? wt is the value of the stock?

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