Colgate-Palmolive Company has just paid an annual dividend of $1.08. Analysts are predicting dividends to grow by $0.12

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answerhappygod
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Colgate-Palmolive Company has just paid an annual dividend of $1.08. Analysts are predicting dividends to grow by $0.12

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Colgate-Palmolive Company has just paid an annual dividend of$1.08. Analysts are predicting dividends to grow by $0.12 per yearover the next five years. After​ then, Colgate's earnings areexpected to grow 6.2% per​ year, and its dividend payout rate willremain constant. If​ Colgate's equity cost of capital is 9.7% per​year, what price does the​ dividend-discount model predict Colgatestock should sell for​ today? Please use NPV function on excel tosolve
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