Kellogg pays $2.00 in annual per share dividends to its common stockholders, and its recent stock price

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Kellogg pays $2.00 in annual per share dividends to its common stockholders, and its recent stock price was $82.50. Assume that Kellogg's cost of equity capital is 5.0%.

a. Estimate Kellogg's stock price using the dividend discount model with constant perpetuity.

Related Book For answer-question

Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Posted Date: May 21, 2024 12:06 AM

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Kellogg pays $2.00 in annual per share dividends to its common stockholders, and its recent stock price

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Contemporary Engineering Economics

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