Save Homework: Chapter 7 Homework Score: 0 of 1 pt 8 of 8 (6 complete) P 7-18 (similar to) HW Score: 58.33%, 4.67 of 8 pts 3 Question Help Assume Gillette Corporation will pay an annual dividend of $0.62 one year from now. Analysts expect this dividend to grow at 11.5% per year thereafter until the 5th year. Thereafter, growth will level off at 1.7% 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 8.3%? Editi Blu The value of Gillette's stock is $ . (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer tice with similar questions bedded