Kellogg pays $2.28 in annual per share dividends to its common stockholders, and its recent stock price

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Kellogg pays $2.28 in annual per share dividends to its common stockholders, and its recent stock price was $62.50. Assume that Kellogg’s cost of equity capital is 6.4%.

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

Related Book For answer-question

Financial Management Theory and Practice

ISBN: 978-1305632295

15th edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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Posted Date: Oct 06, 2023 07:54 AM

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Kellogg pays $2.28 in annual per share dividends to its common stockholders, and its recent stock price

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Financial Management Theory and Practice

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