(Answered) Colgate-palmolive company has just paid an annual dividend

Finance

Colgate-Palmolive Company has just paid an annual dividend of $1.27. Analysts are predicting dividends to grow by $0.16 per year over the next five years. After? then, Colgate's earnings are expected to grow 6.9% per? year, and its dividend payout rate will remain constant. If? Colgate's equity cost of capital is 9.3% per? year, what price does the? dividend-discount model predict Colgate stock should sell for? today?

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