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Colgate-Palmolive Company has just paid an annual dividend of $0.92. Analysts are predicting an 11.3% per year growth rate in earnings over the next five
Colgate-Palmolive Company has just paid an annual dividend of $0.92. Analysts are predicting an 11.3% 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 5.1% per year. If Colgate's equity cost of capital is 7.5% per year and its dividend payout ratio remains constant, for what price does the DDM predict Colgate stock should sell
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