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P9-13 (similar to) Question Help Colgate-Palmolive Company has just paid an annual dividend of $146. Analysts are predicting dividends to grow by $0.17 per year
P9-13 (similar to) Question Help Colgate-Palmolive Company has just paid an annual dividend of $146. Analysts are predicting dividends to grow by $0.17 per year over the next five years. After then, Colgate's earings are expected to grow 54% per year, and its dividend payout rate will remain constant. Cogitooly cost of capital 8.6% per year, what price does the dividend discount model predict Colgate stock should sel for today? The price per share a $[] (Round to two decimal places)
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