Find what The price per share is

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Procter and Gamble (PG) paid an annual dividend of $2.79 in 2018. You expect PG to increase its dividends by 8.5% per year for the next five years (through 2023), and thereafter by 3.4% per year. If the appropriate equity cost of capital for Procter and Gamble is 8.3% per year, use the dividend-discount model to estimate its value per share at the end of 2018.

Problem 1: The price per share is

Reference no: EM132915108

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