Procter and Gamble (PG) paid an annual dividend of $2.86 in 2018. You expect PG...
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Procter and Gamble (PG) paid an annual dividend of $2.86 in 2018. You expect PG to increase its dividends by 8.4% per year for the next five years (through 2023), and thereafter by 2.9% per year. If the appropriate equity cost of capital for Procter and Gamble is 7.1% per year, use the dividend-discount model to estimate its value per share at the end of 2018.
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