In early 2018, Coca-Cola Company (KO) had a share price of $ 44.84, and had paid a dividend of $ 1.44 for the prior year. Suppose you expect Coca-Cola to raise this dividend by approximately 6.8 % per year in perpetuity.

a. If Coca-Cola's equity cost of capital is 8.2%, what share price would you expect based on your estimate of the dividend growth rate?

Coca-Cola's price per share should be $.............. (Round to the nearest cent.)

b. Given Coca-Cola's share price, what would you conclude about your assessment of Coca-Cola's future dividend growth?

Given Coca-Cola's share price, it's dividend growth rate should be.............%.(Round to two decimal places.)