Assume Gillette Corporation will pay an annual dividenAssume Gillette Corporation will pay an annual dividend of

$0.61

one year from now. Analysts expect this dividend to grow at

12.3%

per year thereafter until the

5th

year. Thereafter, growth will level off at

1.8%

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%?

d of one year from now. Analysts expect this dividend to grow at per year thereafter until the th year. Thereafter, growth will level off at 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 ?