Question: Simple Valuation for General Mills, Inc. (Easy) The following are from the financial statements for General Mills (in millions):
There were 337.5 million shares outstanding at the end of fiscal year 2008 and they traded at $60 each. Use a required return for operations of 8 percent in answering the following questions:
a. What is General Mills no-growth per-share valuation?
b. What is General Mills per-share valuation based on growth forecasts from these numbers?