Kellogg co k recently earned a profit of 332 earnings per, Ask an Expert

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Kellogg Co. (K) recently earned a profit of $3.32 earnings per share and has a P/E ratio of 19.90. The dividend has been growing at a 5 percent rate over the past few years.

If this growth rate continues, what would be the stock price in four years if the P/E ratio remained unchanged? What would the price be if the P/E ratio declined to 14 in four years? (Round your answers to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92304391

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