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Kellogg Company ( K ) recently earned a profit of $ 3 . 2 2 earnings per share and has a P / E ratio

Kellogg Company (K) recently earned a profit of $3.22 earnings per share and has a P/E ratio of 19.85. The dividend has been growing at a 4 percent rate over the past few years.
If this growth rate continues, what would be the stock price in six years if the P/E ratio remained unchanged? What would the price be if the P/E ratio declined to 13 in six years?
Note: Round your answers to 2 decimal places.
Answer is complete but not entirely correct.
\table[[Stock price,$,62.99
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