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2. Proctor and Gamble paid an annual dividend of $1.72 in 2009. You expect P&G to increase its dividends by 8% per year for the
2. Proctor and Gamble paid an annual dividend of $1.72 in 2009. You expect P&G to increase its dividends by 8% per year for the next five years (through 2014), and thereafter by 3% per year. If the appropriate equity cost of capital for Proctor and Gamble is 8% per year, use the dividend- discount model to estimate its value per share at the end of 2009. its valodal for pars (thr
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