General Mills reported earnings and paid dividends from 2006 to 2010 as follows: Calculate cum-dividend earnings per
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General Mills reported earnings and paid dividends from 2006 to 2010 as follows:
Calculate cum-dividend earnings per share for General Mills for each year, 2007-2010.
Also calculate abnormal earnings growth (in dollars) for each of these years. Assume a required return of 8 percent for General Mills.
Transcribed Image Text:
2006 2009 2010 2007 2008 1,96 2.32 0.96 Basic EPS 1.53 0.67 1.65 0.72 1.93 0.78 DPS 0.86
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EPS DPS Earnings on prior years reinvested dividends Cumdividend EPS 2006 153 ...View the full answer
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Related Book For
Financial Statement Analysis and Security Valuation
ISBN: 978-0078025310
5th edition
Authors: Stephen Penman
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