Question: Procter & GambleProcter & Gamble ( PGPG ) paid an annual dividend of $ 3 . 8 9 in 2 0 2 1 . You

Procter & GambleProcter&Gamble (PGPG) paid an annual dividend of $3.89 in 2021. You expect PGPG to increase its dividends by 8.2% per year for the next five years(through 2026), and thereafter by 3.4% per year. If the appropriate equity cost of capital for Procter & GambleProcter&Gamble is5.7% per year, use the dividend-discount model to estimate its value per share at the end of 2021.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!