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Assume Gillette Corporation will pay an annual dividend of $0.65 one year from now. analysts expect this dividend to grow at 12% per year thereafter

Assume Gillette Corporation will pay an annual dividend of $0.65 one year from now. analysts expect this dividend to grow at 12% per year thereafter until the 5th year. after then, growth will level off at 2% per year. according to the dividend discount model, what is the value of a share of Gillette stock if the firm's equity costs of capital is 8%?

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