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QUESTION 22 The most recent dividend of Proctor and Gamble was 4.84 per share. You expect dividends to grow at a constant rate of 2.1%

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QUESTION 22 The most recent dividend of Proctor and Gamble was 4.84 per share. You expect dividends to grow at a constant rate of 2.1% per year forever-Le. the next dividend will be greater than the most recent one. The required rate of return of P&G investors is 8.8%. What is your estimate of price per share according to the Dividend Discount Model

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