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Kellogg Co. (K) recently earned a profit of $4.12 earnings per share and has a P/E ratio of 20.30. The dividend has been growing at
Kellogg Co. (K) recently earned a profit of $4.12 earnings per share and has a P/E ratio of 20.30. The dividend has been growing at a 4 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 16 in four years?
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