Procter and Gamble (PG) paid an annual dividend of $2.88 in 2021. You expect PG to increase its dividends by 7.2% per year, for the next five years (through 2026), and thereafter by 2.9% per year. If the appropriate equity cost of capital for Procter and Gamble is 7.3% per year, use the dividend-discount model to estimate its value per share at the end of 2021. The price per share is $. (Round to the nearest cent.)

Procter and Gamble (PG) paid an annual dividend of $2.88 in 2021. You expect PG to increase its dividends by 7.2% per year, for the next five years (through 2026), and thereafter by 2.9% per year. If the appropriate equity cost of capital for Procter and Gamble is 7.3% per year, use the dividend-discount model to estimate its value per share at the end of 2021. The price per share is $. (Round to the nearest cent.)

Name: Procter and Gamble (PG) paid an annual dividend of $2.88 in 2021. You
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Description: Procter and Gamble (PG) paid an annual dividend of $2.88 in 2021. You expect PG to increase its dividends by7.2% per year, for the next five years (through 2026), and thereafter by 2.9% per year. If the appropriate equity costof capital for Procter

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 12P

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