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Colgate - Palmolive Company has just paid an annual dividend of $ 1 . 3 1 . Analysts are predicting an 1 1 % per
ColgatePalmolive Company has just paid an annual dividend of $ Analysts are predicting an 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 per year. If Colgate's equity cost of capital is per year and its dividend payout ratio remains constant, what price does the dividenddiscount model predict Colgate stock should sell for.
The price per share is
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