B - Homework Saved Problem 8-25 P/E Ratio Model and Future Price (LG8-7) Kellogg Co. (K) recently earned a profit of $3.62 earnings per share and has a P/E ratio of 20.05 The dividend has been growing at an 8 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 14 in four years? (Round your answers to 2 decimal places.) OOK ences Stock price Stock price with new PE C 11 NAX be bere to see a Do hp 3 % 5 6 7 8 9 B - Homework Saved Problem 8-25 P/E Ratio Model and Future Price (LG8-7) Kellogg Co. (K) recently earned a profit of $3.62 earnings per share and has a P/E ratio of 20.05 The dividend has been growing at an 8 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 14 in four years? (Round your answers to 2 decimal places.) OOK ences Stock price Stock price with new PE C 11 NAX be bere to see a Do hp 3 % 5 6 7 8 9