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Colgate-Palmolive Company has just paid an annual dividend of $1.11.Analysts are predicting dividends to grow by $0.18 per year over the next five years.After then,
Colgate-Palmolive Company has just paid an annual dividend of $1.11.Analysts are predicting dividends to grow by $0.18 per year over the next five years.After then, Colgate's earnings are expected to grow 6.2% per year,and its dividend payout rate will remain constant.If Colgate's equity cost of capital is 7.8% per year,what price does the dividend-discount model predict Colgate stock should sell for today?
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