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Assume Gillette Corporation will pay an annual dividend of $0.67 one year from now. Analysts expect this dividend to grow at 11.4 % per year

Assume Gillette Corporation will pay an annual dividend of $0.67 one year from now. Analysts expect this dividend to grow at 11.4 % per year thereafter until the 4 5th year.? Thereafter, growthwill level off at 2.3 % per year. According to the?dividend-discount model, what is the value of a share of Gillettestock if the? firm's equity cost of capital is 7.8 % ?? The valueof? Gillette's stock is ?$nothing . ?(Round to the nearest?cent.)

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