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ssume Gillette Corporation will pay an annual dividend of one year from now. Analysts expect this dividend to grow at per year thereafter until the

ssume Gillette Corporation will pay an annual dividend of one year from now. Analysts expect this dividend to grow at per year thereafter until the th year. Thereafter, growth will level off at 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 ? Question content area bottom

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The value of Gillette's stock is $ enter your response here. (Round to the nearest cent.)

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