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Following are financial data and forecast assumptions for General Mills (GIS) for its fiscal-year- end May 26, 2019. a. Apply the discounted cash flow (DCF)
Following are financial data and forecast assumptions for General Mills (GIS) for its fiscal-year- end May 26, 2019. a. Apply the discounted cash flow (DCF) model to obtain General Mills's stock price estimate as of its fiscal-year-end May 26, 2019. b. Compare the stock price estimate from part a to the actual stock price at May 28, 2019. (Note: May 26, 2019, was not a trading day, so use the closest prior trading day as the actual stock price.) What does your valuation estimate imply about the stock's value
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