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Homework: Module 8: Chapter 9 - Stock Valuation Save Score: 0 of 1 pt 9 of 17 (0 complete) HW Score: 0%, 0 of 17

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Homework: Module 8: Chapter 9 - Stock Valuation Save Score: 0 of 1 pt 9 of 17 (0 complete) HW Score: 0%, 0 of 17 pts P9-13 (similar to) Question Help Colgate-Palmolive Company has just paid an annual dividend of S1:49. 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 6.9% 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 dividond-discount model predict Colgate stock should sell for today? The price per share $ (Round to two decimal places.)

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