Stock price in four years if P-E ratio remained unchanged

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Reference no: EM13917217

Kellogg Co. (K) recently earned a profit of $2.42 earnings per share and has a P/E ratio of 19.45. 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 18 in four years? (Round your answers to 2 decimal places.)

Reference no: EM13917217

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Stock price in four years if P-E ratio remained unchanged : Kellogg Co. (K) recently earned a profit of $2.42 earnings per share and has a P/E ratio of 19.45. The dividend has been growing at an 8 percent rate over the past few years. what would be the stock price in four years if the P/E ratio remained uncha..

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