Procter and gamble pg paid an annual dividend of 161 in


Procter and Gamble? (PG) paid an annual dividend of $ 1.61 in 2009. You expect PG to increase its dividends by 8.1 % per year for the next five years? (through 2014), and thereafter by 3.3 % per year. If the appropriate equity cost of capital for Procter and Gamble is 8.2 % per? year, use the? dividend-discount model to estimate its value per share at the end of 2009. The price per share is ?$?

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Financial Management: Procter and gamble pg paid an annual dividend of 161 in
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