Ratio remained unchanged, Kellogg Co. (K) recently earned a

Ratio remained unchanged

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Reference no: EM131348009

Kellogg Co. (K) recently earned a profit of $3.62 earnings per share and has a P/E ratio of 20.05. The dividend has been growing at an 8 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.)

Stock price $ ___

Stock price with new P/E $___

Reference no: EM131348009

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