Question: E12-33. Estimating Stock Value Using Dividend Discount Model with Increasing Perpetuity (LO6) Kellogg pays $1.76 in annual per share dividends to its common stockholders, and

E12-33. Estimating Stock Value Using Dividend Discount Model with Increasing Perpetuity (LO6) Kellogg pays $1.76 in annual per share dividends to its common stockholders, and its recent stock price was $58.73. Assume that Kelloggs cost of equity capital is 5.0%. Required Estimate Kelloggs expected growth rate based on its recent stock price using the dividend discount model with increasing perpetuity

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