What is the value of gillette stock if firm cost of stock

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Gillette Corporation will pay an annual dividend 0f $50.65 one year from now. Analyst ecpect this dividend to grow at 12% per year for the next 5 years. After that, dividend growth will level off to 2% per year. What is the value of Gillette's stock if the firm's cost of stock is 8%? $15.07.

Reference no: EM131524809

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