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
Posted: Fri Jul 01, 2022 7:43 am
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