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PROVIDE THE FORMULAS NEEDED. 18. Gillette Corporation will pay an annual dividend of $0.65 one year from now. Ana lysts expect this dividend to grow

image text in transcribedPROVIDE THE FORMULAS NEEDED.

18. Gillette Corporation will pay an annual dividend of $0.65 one year from now. Ana lysts expect this dividend to grow at 12% per year thereafter until the fifth year. Thereafter, growth will level off at 2% 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 8%

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