Please round to the nearest cent. Procter and Gamble (PG) paid an annual...
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Please round to the nearest cent.
Procter and Gamble (PG) paid an annual dividend of $2.85
Procter and Gamble Is /./% per vear, use the dividend-disco
2018. You expect PG to increase its dividends by 7.5% per year for the next five years (through 2023), and thereafter by 2.8% per year. If the appropriate equity cost of capital for
model
to estimate its value per share at the end of 2018
Procter and Gamble (PG) paid an annual dividend of $2.85 in 2018. You expect Procter and Gamble to increase its dividends by 7.5% per year for the next five years (through 2023), and there after by 2.8% per year. If the appropriate equity cost of capital for P&G is 7.7% per year, use the dividend-discount model to estimate its value per share at the end of 2018.
The price per share is $______.
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