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Assume Gillette Corporation will pay an annual dividend of $ 0.68 one year from now. Analysts expect this dividend to grow at 11.3 %per year thereafter until the 4th year.? Thereafter, growth will level off at 1.5 % 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 8.1 % ?

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