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Colgate-Palmolive Company has just paid an annual dividend of $ 1.06 Analysts are predicting dividends to grow by $ 0.11 per year over the next
Colgate-Palmolive Company has just paid an annual dividend of $ 1.06 Analysts are predicting dividends to grow by $ 0.11 per year over the next five years. Afterthen, Colgate's earnings are expected to grow 5.8% peryear, and its dividend payout rate will remain constant. IfColgate's equity cost of capital is 9.1% peryear, what price does thedividend-discount model predict Colgate stock should sell fortoday?
The price per share is_
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