Colgate-palmolive company has just paid an annual dividend


Colgate-palmolive company has just paid an annual dividend of $1.04. Analysts are predicting a(n) 11.9% year growth rate in earnings over the next five years. after that, colgates earnings are expetected to grow at the current industry average of 6.3%per year. If Colgates equity cost of capital is 7.1% per year and its dividend payout ration remains constant, what price does the dividend-discount model predict colgate stock should sell for?

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Financial Management: Colgate-palmolive company has just paid an annual dividend
Reference No:- TGS01567281

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