Procter and Gamble (PG) paid an annual dividend of $2.91 in 2018. You expect PG to increase its dividends by 7.8% per ye

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Procter And Gamble Pg Paid An Annual Dividend Of 2 91 In 2018 You Expect Pg To Increase Its Dividends By 7 8 Per Ye 1 (13.99 KiB) Viewed 34 times

Procter and Gamble (PG) paid an annual dividend of $2.91 in 2018. You expect PG to increase its dividends by 7.8% per year for the next five years (through 2023), and thereafter by 3.3% per year. If the appropriate equity cost of capital for Procter and Gamble is 8.8% per year, use the dividend-discount model to estimate its value per share at the end of 2018. The price per share is $ (Round to the nearest cent.) C