| ASSIGNED STOCKS:
Group 1: CVS Health Corp (CVS)
Goldman Sachs (GS)
Qualcomm Inc (QCOM)
Northrop Grumman (NOC)
Group 2: Eli Lilly and Co (LLY)
Morgan Stanley (MS)
Home Depot (HD)
Norfolk Southern Corp (NSC)
Group 3: Pfizer Inc (PFE)
Intel Corp (INTC)
Walmart (WMT)
Citigroup (C)
Group 4: Johnson & Johnson (JNJ)
McDonalds Corp (MCD)
Quest Diagnostics (DGX)
Target Corporation (TGT)
Group 5: United Parcel Service (UPS)
American Express (AXP)
Merck and Company (MRK)
Wells Fargo (WFC)
Group 6: General Dynamics (GD)
FedEx Corporation (FDX)
3M Co. (MMM)
International Business Machines (IBM)
Group 7: JP Morgan Chase (JPM)
Colgate-Palmolive Company (CL)
Procter & Gamble Company (PG)
PNC Financial Services (PNC)
Group 8: Mastercard Inc. (MA)
Comcast Corp. (CMCSA)
Starbucks Corp (SBUX)
Duke Energy Corp (DUK)
Group 9: Bank of America (BAC)
Exxon Mobil (XOM)
Abbott Laboratories (ABT)
CSX Corp (CSX)
Group 10: Verizon Communications (VZ)
Pepsi Co. Inc (PEP)
Bristol-Myers-Squibb (BMY)
Charles Schwab Corp (SCHW)
Group 11: AT&T (T)
Accenture Plc (ACN)
Oracle Corp (ORCL)
Group 12: Chevron Corp (CVX)
Medtronic Plc (MDT)
Danaher Corp (DHR)
Blackrock Inc (BLK)
EXAMPLE: COCA-COLA (KO)
The highlighted cells represent the range of values of k and g, that bracket the current market price.
Calculating the growth rate of dividends:
Given:
Estimated cost of capital, k = 3.86% (Source: Gurufocus.com)
Price, as of 10/30 = 48.06
Using the formula, we get g = 0.45%.
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