Colgate-Palmolive Company has just paid an annual dividend of $1.02. Analysts are predicting an 11.3% per year
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Colgate-Palmolive Company has just paid an annual dividend of $1.02. Analysts are predicting an 11.3% per year growth rate in earnings over the next five years. Afterthat, Colgate's earnings are expected to grow at the current industry average of 4.9% per year. IfColgate's equity cost of capital is 9.1% per year and its dividend payout ratio remainsconstant, for what price does the DDM predict Colgate stock shouldsell?
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