Business, 21.02.2020 02:39 Mariela2699

Assume Gillette Corporation will pay an annual dividend of $ 0.68 one year from now. Analysts expect this dividend to grow at 12.4 % per year thereafter until the 6th year. Thereafter, growth will level off at 2.4 % 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 8.6 %? The value of Gillette's stock is $ nothing. (Round to the nearest cent.)

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Assume Gillette Corporation will pay an annual dividend of $ 0.68 one year from now. Analysts expect...

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