Question
I am not calculating correctly for some reason I understand the formula and set up the equation correctly but my numbers are not coming out
I am not calculating correctly for some reason I understand the formula and set up the equation correctly but my numbers are not coming out correctly.
Can you please show the work on each calucaltion?
Procter and Gamble (PG) paid an annual dividend of $2.88 in 2018.
You expect PG to increase its dividends by 8.4% per year for the next five years (through 2023), and
thereafter by 2.7% per year. If the appropriate equity cost of capital for Procter and Gamble is
8.1% per year, use the dividend-discount model to estimate its value per share at the end of 2018.
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