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NIKE Corporation will pay an annual dividend of $ 0 . 6 5 one year from now. It expects this dividend to grow at 1
NIKE Corporation will pay an annual dividend of $ one year from now. It expects this
dividend to grow at per year thereafter until the fifth year. Thereafter, growth will
level off at per year. What is the value of a share of Gillette stock if the firm's equity
cost of capital is
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