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Business, 22.04.2021 22:40 hannahmr092402

​Colgate-Palmolive Company has just paid an annual dividend of $ 1.52. Analysts are predicting dividends to grow by $0.14 per year over the next five years. After​ then, Colgate's earnings are expected to grow 6.3% per​ year, and its dividend payout rate will remain constant. If​ Colgate's equity cost of capital is 7.6% per​ year, what price does the​ dividend-discount model predict Colgate stock should sell for​ today?

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​Colgate-Palmolive Company has just paid an annual dividend of $ 1.52. Analysts are predicting divid...
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