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The price of San Diego - based Acadia Pharmaceuticals, Inc. ( ACAD ) is currently $ 1 8 . 7 5 per share. The company

The price of San Diego-based Acadia Pharmaceuticals, Inc. (ACAD) is currently $18.75 per share. The company pays no dividends and has negative earnings. However, they Clorox (CLX) is paying $4.80 per year in dividends. The Value Line expects CLX to grow their dividend at 7%. Our expected rate of return is 10%. At what price would we consider Clorox to be a good investment? Which dividend discount model did you use? Clorox is currently selling for approximately $149. Does our model say that CLX is a potentially good value for us?

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