The p-e ratio remained unchanged

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Kellogg Co. (K) recently earned a profit of $3.22 earnings per share and has a P/E ratio of 19.85. The dividend has been growing at a 4 percent rate over the past few years. If the 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 13 in six years?

Reference no: EM13876294

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