2-0 Document1 - Word Erkuge Kem K - 6 x AutoSave on File Home A cut Insert Design Layout References Mailings Review View Help Search Comments LL Copy TEE 21 Paste Calibri (Bodyl -11 B I U . X Copy Share Find Replace Select A A A A A2.A. Albal Aabhend AaBhi AaBbce AaB Aabe Anbed Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em... Emphasis - 15. Dictate Clipboard Paragraph Styles Edting Voite In the challenging world of retail sales, Macy's, Inc.'s (M's) revenues are declining while expenses are generally flat. Based on recent conversations with management at Macy's, analysts believe that dividends will decline at a rate of 7% perpetually. The firm just paid a dividend of $5.10 per share and the required return on the stock is 3% a.) At what price should a share of M stock sell today? (2 pts.) (b.) Calculate what the stock should sell for 8 years from now. 12 pts.) c.) Briefly explain, perhaps with the aid of a single calculation, why an investor would still be interested in buying the stock today even though the stock price is predicted to fall acrosats time. (2 pts.) 120 words