What is the value of a share of gillette stock

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Question - Assume Gillette Corporation will pay an annual dividend of $0.69 one year from now. Analysts expect this dividend to grow at 12.4% per year thereafter until the fifth year. Thereafter, growth will level off at 1.7% 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 7.5%?

Reference no: EM133115651

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