Stock price in six years if p-e ratio remained unchanged

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Kellogg Co. (K) recently earned a profit of $2.92 earnings per share and has a P/E ratio of 19.70. The dividend has been growing at a 7 percent rate over the past few years. If this growth rate continues, what would be the stock price in six years if the P/E ratio remained unchanged? What would the price be if the P/E ratio declined to 15 in six years? (Round your answers to 2 decimal places.) Stock price $ Stock price with new P/E $

Reference no: EM131247775

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