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Colgate-Palmolive Company has just paid an annual dividend of $1.02. Analysts are predicting an 10.7% per year growth rate in earnings over the next five
Colgate-Palmolive Company has just paid an annual dividend of $1.02. Analysts are predicting an 10.7% 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 4.8% per year. If Colgate's equity cost of capital is 8.9% per year and its dividend payout ratio remains constant, for what price does the DDM predict Colgate stock should sell
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