Question: Hi ! I got this wrong with the answer 1 5 . 1 9 could you please help me get the correct answer. Assume Gillette
Hi I got this wrong with the answer could you please help me get the correct answer.
Assume Gillette Corporation will pay an annual dividend of $ one year from now. Analysts expect this dividend to grow at per year thereafter until the fourth year. Thereafter, growth will
level off at 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
The value of Gillette's stock is $
Round to the nearest cent.
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