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Assume Gillette Corporation will pay an annual dividend of $ 0 . 6 5 one year from now, Analyst expect this dividend to grow at

Assume Gillette Corporation will pay an annual dividend of $0.65 one year from now, Analyst expect this dividend to grow at 10% per year thereafter for two years. I.E through the year 3 dividend, After then, growth will level off at 3% 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 11%?

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