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Kellogg pays $3.50 in annual per share dividends to its common stockholders, and its recent stock price was $93.80. Assume that Kellogg's cost of
Kellogg pays $3.50 in annual per share dividends to its common stockholders, and its recent stock price was $93.80. Assume that Kellogg's cost of equity capital is 5.0%. Estimate Kellogg's expected growth rate based on its recent stock price using the dividend discount model with increasing perpetuity.
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
