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Macy's (Ticker: M) will pay a $0.15 dividend per share. Dividends are expected to grow by 2% indefinitely. Tbills currently yield 0.65%, and the return

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Macy's (Ticker: M) will pay a $0.15 dividend per share. Dividends are expected to grow by 2% indefinitely. Tbills currently yield 0.65%, and the return on the SPY is 4.75%. M has a beta of 0.80. How much should you pay for M today? Please use three decimals in your calculations (like the example problems), and please round your final answer to two decimal places. For example, your answers should be entered as 8.00%, 5.67%, $45.00, $45.88, etc. The Walt Disney Company (Ticker: DIS) just paid a $2 dividend per share. Dividends are expected to grow by 6% indefinitely, and investors require an 8% return on their investment. How much should you pay for DIS today? Please use three decimals in your calculations (like the example problems), and please round your final answer to two decimal places. For example, your answers should be entered as 8.00%, 5.67%, $45.00, $45.88, etc. Undervalued stocks should not be purchased at the current price point. True False

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