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Colgate-Palmolive Company has just paid an annual dividend of $0.97. Analysts are predicting an 11.2% per year growth ra
Posted: Tue Apr 26, 2022 10:37 am
by answerhappygod
- Colgate Palmolive Company Has Just Paid An Annual Dividend Of 0 97 Analysts Are Predicting An 11 2 Per Year Growth Ra 1 (35.83 KiB) Viewed 52 times
Colgate-Palmolive Company has just paid an annual dividend of $0.97. Analysts are predicting an 11.2% per year growth rate in earnings over the next five years. After that, Colgate's earnings are expected to grow at the current industry average of 5.4% per year. If Colgate's equity cost of capital is 7.6% per year and its dividend payout ratio remains constant, for what price does the DDM predict Colgate stock should sell? The value of Colgate's stock is $ . (Round to the nearest cent.)