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1: General Mills: Long-Term Debt Refer to the Table in General Mills' Annual Report for long-term liabilities. Recall that the Company's fiscal year end is

1: General Mills: Long-Term Debt Refer to the Table in General Mills' Annual Report for long-term liabilities. Recall that the Company's fiscal year end is 25 May 2008. Using the information provided, answer the following questions: NOTE: Always use Semi-Annual Calculations a. Refer to the 6% notes due November 25, 2009 (1st instrument on the table). Calculate the interest expense on this note for fiscal 2009 (year ended 25 May 2009). b. Refer to the same note as in part (a). Provide the entry that the Company will record at maturity. c. Refer to the zero coupon notes (7th instrument on the table). Calculate the interest expense on this note for fiscal year 2009 (year ended 25 May 2009). In Millions May 25, 2008 May 27, 2007 6% notes due November 25, 2009 1,240.30 1,240.30 5.7% notes due February 15, 2017 1,000.00 1,000.00 5.2% notes due March 17, 2015 750 - 5.65% notes due September 10, 2012 700 - Floating-rate notes due January 22, 2010 500 500 Medium-term notes, 4.8% to 9.1%, due 2008 to 2078 327.3 327.3 Zero coupon notes, yield 11.1% (a) 150.6 134.8 Debt of contract manufacturer consolidated under FIN 46R 31.8 36.8 Floating-rate convertible senior

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