P/E Ratio Model and Future Price

Question

Please I need your help!  

Kellogg Co. (K) 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 percent rate over the past few years.  If this growth rate continues, what would be the stock price in five years if the P/E ratio remained unchanged? What would the price be if the P/E ratio declined to 12 in 5 years?

Answer 1

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