Question: please show the math done to find the answer 59.43 i dont understand thank you Score: 0 of 1 pt 12 of 15 (12 complete)

please show the math done to find the answer 59.43 i dont understand thank you

Score: 0 of 1 pt 12 of 15 (12 complete) HW Score: 73.33%, 11 of 15 pt X P9-13 (similar to) Question Help Colgate-Palmolive Company has just paid an annual dividend of $1.53. Analysts are predicting dividends to grow by $0.14 per year over the next five years. After then, Colgate's earnings are expected to grow 5.6% per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is 8.6% per year, what price does the dividend-discount model predict Colgate stock should sell for today? The price per share is $24.18. (Round to two decimal places.) Sorry, that's not correct. Sorry, your answer is not correct. Correct answer: 59.43 Your answer: 24.18 Similar Question Next

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