Homework answers / question archive / Procter and Gamble? (PG) paid an annual dividend of $2

Procter and Gamble? (PG) paid an annual dividend of $2

Finance

Share With

Procter and Gamble? (PG) paid an annual dividend of $2.94 in 2018. You expect PG to increase its dividends by 8.1% per year for the next five years? (through 2023), and thereafter by 2.6% per year. If the appropriate equity cost of capital for Procter and Gamble is 8.2% per? year, use the? dividend-discount model to estimate its value per share at the end of 2018.

The price per share is???? Please show work.