Assume? colgate-palmolive company

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Assume? Colgate-Palmolive Company has just paid an annual dividend of $0.92. Analysts are predicting an 10.8% per year growth rate in earnings over the next five years. After? that, Colgate's earnings are expected to grow at the current industry average of 5.4% per year. If? Colgate's equity cost of capital is 9.4% per year and its dividend payout ratio remains? constant, for what price does the? dividend-discount model predict Colgate stock should? sell?

Reference no: EM131647374

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