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Johndenver

Colgate-Palmolive Company has just paid an annual dividend of $0.92 Analysts are predicting a(n)
10.7% per year growth rate in earnings over the next five years. After that, Colgate's earnings are expected to grow
at the current industry average of 5.2 % per year If Colgate's equity cost of capital is 7.1
per year and its dividend payout ratio remains constant, what price does the dividend-discount model predict Colgate stock should sell for?

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