Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Concept explainers

Stock Yields
The stock yield is otherwise known as the dividend yield. The dividend yield is an annual payment of the stock dividends to the holder of a firm’s stock. The dividend yield is a financial ratio to measure the value of dividend payout every year for the r…
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Procter & Gamble (PG) paid an annual dividend of $3.01 in 2021. You expect PG to increase its dividends by 8.4% per year for the next five years (through 2026), and thereafter by 3.2% per year. If the appropriate equity cost of capital for Procter & Gamble is 5.6% 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.)
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Transcribed Image Text:Procter & Gamble (PG) paid an annual dividend of $3.01 in 2021. You expect PG to increase its dividends by 8.4% per year for the next five years (through 2026), and thereafter by 3.2% per year. If the appropriate equity cost of capital for Procter & Gamble is 5.6% 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.)
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