Corporate Finance Assignment/ Professional Essay Writers
May 7th, 2020
Assume Gillette Corporation will pay an annual dividend of $0.61 one year from now. Analysts expect this dividend to grow at 11.4% per year thereafter until the 4th 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 7.2%?
The value of Gillette’s stock is $. (Round to the nearest cent.). Get Finance Help Today
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