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Assume Gillette Corporation will pay an annual dividend of $0.66 one year from now. Analysts expect this dividend to grow at 12.4% per year of

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Assume Gillette Corporation will pay an annual dividend of $0.66 one year from now. Analysts expect this dividend to grow at 12.4% per year of Gillette stock if the firm's equity cost of capital is 8.2% ? The value of Gillette's stock is $ (Round to the nearest cent.)

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