What would be the stock price in five years

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Question 1: Kellogg Co. Recently earned a profit of 2.52 earnings per share and has a P/E ratio of 13.5. The dividend has been growing at a 5% rate over the past few years. If this growth rate continues, what would be the stock price in 5 years if the P/E ratio remained unchanged? What would the price be if the P/E ratio declined to 12 in five years?

Reference no: EM132523119

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