What is the value of a share of gillette stock

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Assume Gillette Corporation will pay an annual dividend of $0.62 one year from now. Analysts expect this dividend to grow at 12.1% per year thereafter until the 5th year. Thereafter, growth will level off at 2.1% per year. Awarding to the dividend-discount model, what is the value of a share of Gillette stock if the ?rm's equity cost of capital is 8.2%? The value of Gillette's stock is $ . (Round to the nearest cent.)

Reference no: EM133069425

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