Question: Can you please help with getting an answer? Assume Gillette Corporation will pay an annual dividend of $0.69 one year from now. Analysts expect this

Can you please help with getting an answer?

Assume Gillette Corporation will pay an annual dividend of $0.69 one year from now. Analysts expect this dividend to grow at 12.2% per year thereafter until the 6 th year. Thereafter, growth will level off at 1.6% 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 7.4%? The value of Gillette's stock is $. (Round to the nearest cent.)

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