Question: Continue using Exhibit 8.2 for GIS, CPB, and SJM to estimate the value per share of K using a BV multiple. Determine whether, based on

Continue using Exhibit 8.2 for GIS, CPB, and SJM to estimate the value per share of K using a BV multiple. Determine whether, based on this estimate, K is over or underpriced at its May 1, 2019, price of $59.39. Discuss the validity of the result and what drives your conclusions.

Continue using Exhibit 8.2 for GIS, CPB, and SJM to estimate the

EXHIBIT 8.2 Data for Valuation Using Balance Sheet Multiples GIS (in millions) Operating value Equity value. NOA..... Book value of equity. NFL (NFA) .... Common shares outstanding. $ $ $22,604 $ 6,930 $15,674 599 shares EA CA K $29,831 $20,430 $12,002 $ 2,601 $ 9,401 344 shares CPB $21,099 $11,534 $10,834 $ 1,269 $9,565 SJM $20,004 $13,967 $14,059 $8,022 $ 6,037 301 shares 114 shares

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