General Mills reported earnings and paid dividends from 2004 to 2008 as follows: Calculate cum-dividend earnings for
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Calculate cum-dividend earnings for General Mills for each year, 2005-2008. Also calculate abnormal earnings growth for each of these years. Assume a reinvestment rate for dividends of 10percent.
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Basic EPS DPS 2004 2005 20062002008 2.82 334 3.05 3.30 1.10 1241341.44 .57 3.86
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