General Mills, Inc., (Ticker: GIS), an American multinational manufacturer and marketer of branded processed consumer foods...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
General Mills, Inc., (Ticker: GIS), an American multinational manufacturer and marketer of branded processed consumer foods sold through retail stores, pays an annual dividend of $3.78. In their most recent earnings call, management states that they are confident that they will be able to steadily increase the firm's dividend at a rate of 2.30% for the foreseeable future. Assuming an equity cost of capital of 8.20% what is the value of General Mills' stock price today? General Mills, Inc., (Ticker: GIS), an American multinational manufacturer and marketer of branded processed consumer foods sold through retail stores, pays an annual dividend of $3.78. In their most recent earnings call, management states that they are confident that they will be able to steadily increase the firm's dividend at a rate of 2.30% for the foreseeable future. Assuming an equity cost of capital of 8.20% what is the value of General Mills' stock price today?
Expert Answer:
Answer rating: 100% (QA)
The DDM is a valuation method that assumes the intrinsic value of a stock is equa... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Beginning inventory Sales Sales returns (items restored to inventory) Purchases Purchase returns Freight-in At At Cost Retail $40,000 $52,000 620,000 10,000 300,000 600,000 6,000 12,000 18,000...
-
Suppose that general mills inc pays annual dividend of $3.78. In their most recent earnings call, management states that they are confident that they will be able to steadily increase the firms...
-
(a) Why is the MD&A section of the annual report useful to the financial analyst? What types of information can be found in this section? (b) Using the excerpts from the MD&A of the Biolase,...
-
One popular activity that tourists participate in when they visit Alaska is panning for gold. A gift shop by the panning center sells blocks of clay. The packaging on the clay claims that one in five...
-
The chair conformer of fluorocyclohexane is 0.25 kcal mol (1.0 kJ mol) more stable when the fluoro substituent is in the equatorial position than when it is in the axial position. How much more...
-
The scatterplot below shows the percent of families who own their home vs. the percent of the population living in urban areas. There are 52 observations, each corresponding to a state in the US....
-
During the review of an internal control system an auditor may review decision tables prepared by the client. A decision table is usually prepared by a client to supplement or replace the preparation...
-
The balance sheet for Chevelle Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. The company has declared a dividend of $1.40 per share. The stock goes ex...
-
Pregunta: 3 1 . If a goal programming model includes the constraint G 1 ( X 1 , X 2 , X 3 ,
-
Using the Public MACRO BITCOIN scorecard spreadsheet (linked in its associated masterclass lesson - Long Term 32), create a COPY of it and perform a complete analysis for the date 22/2/2022....
-
On August 1, 2019 you fired a long-standing employee because he stole $40,000 from the company. What government forms do you have to fill out is you terminate an employee? What is the deadline for...
-
Give an example of successful market segmentation involving a business of your choice and a brand product of your choice. Explain market segmentation and give an example of a segmented product. How...
-
You invested $12,000 in a term deposit that paid 6.5% compounded quarterly. If the term deposit is now worth $15,860, how many YEARS ago did you buy term deposit? Leave your answer in 2 decimal...
-
What are the drivers of biodiversity loss and extinction risk, including habitat destruction, fragmentation, overexploitation, climate change, and invasive species, and how do these threats interact...
-
A study needs to be done to estimate the percentage of citizens of a large city who are in favor of water being treated with flowers. How large a sample should you select if you want to be 95%...
-
The solid, linearly tapered shaft shown below has a radius of 2r at its fixed end, a radius of r at its free end, is of length L, and is made of a material with a shear modulus G. Calculate the angle...
-
3. (a) Draw the graph represented by the given adjacency matrix 2 30 1 2 1 1 1 0 0 0 1 0 1 2 1 (b) Given the following directed graph G. Find the in-degree and out-degree of each vertex in G. b' d
-
During the year land was revalued and the surplus reported as Revaluation surplus; and an asset costing 80,000, written down to 38,000, was sold for 40,000. Identify the cost of any non-current...
-
What are the four main types of consumer products?
-
What are the three basic functions performed by intermediaries?
-
Cause marketing programs have become popular. Describe two such programs that you are familiar with.
-
A \(2 \mathrm{~cm}\)-diameter, \(19 \mathrm{~cm}\)-long tube is placed touching a pool of liquid. The end away from the liquid pool \((\mathrm{z}=0.19 \mathrm{~m})\) is in an air stream (component C)...
-
\(\mathrm{NaCl}\) is crystallizing from an aqueous (water) liquid solution onto a crystal particle of pure \(\mathrm{NaCl}\) at \(18^{\circ} \mathrm{C}\). Assume particle growth is controlled by mass...
-
Solve Example 15-7 using the difference equation form of the Maxwell-Stefan equations. Example 15-7 Because naphthalene C10Hg melts at 80.2C, it is solid at room temperature. Naphthalene also has a...
Study smarter with the SolutionInn App