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Assume Gillette Corporation will pay an annual dividend of 0.69 one year from now. Analysts expect this dividend to grow at 11.3 per year thereafter
Assume Gillette Corporation will pay an annual dividend of 0.69 one year from now. Analysts expect this dividend to grow at 11.3 per year thereafter until the year. Thereafter, growth will level off at 1.8 per year. According to the DDM, what is the value of a share of Gillette stock if the firm's equity cost of capital is 7.7
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
