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In early 2009, Coca-Cola Company had a share price of $46. Its dividend was $1.52, and you expect Coca-Cola to raise this dividend by approximately 7% per year in perpetuity. a. If Coca-Cola’s equity cost of capital is 8%, what share price would you expect based on your estimate of the dividend growth rate? b. Given Coca-Cola’s share price, what would you conclude about your assessment of Coca- Cola’s future dividend growth?