Question: Use information from Yahoo! Finance ( http://finance.yahoo.com ) and answer the following questions for Target Corporation (Ticker Symbol: TGT). Instruction: This assignment deals with equity

Use information from Yahoo! Finance ( http://finance.yahoo.com ) and answer the following questions for Target Corporation (Ticker Symbol: TGT).

Instruction: This assignment deals with equity valuation and investment strategy. To complete the project, you need to provide a set of answers to the questions listed below along with any supporting calculations. This project should be neat and well organized so that I can easily nd your answers to each of the questions. Format: Use Word to prepare your answers. All answers must be typed. Turn in your answers on or before the due date and upload your solutions to Canvas. Late submissions will NOT be accepted and will result in a grade of zero! Part I. Valuation of TGT: Use information from Yahoo! Finance ( ht_tp:ffnance.yahoo.com ) and answer the following questions for Target Corporation (Ticker Symbol: TGT). o What is TGT's closing price on Friday, September 2, 2022 a What is its total number of shares outstanding? I What is its market cap? 0 What is its P/E ratio (based on EPS forecast for current scal year and Sept 2 stock price)? From the Gordon formula for stock valuation (a.k. a. the PV formula for growing perpetuity) P = D0 * (1+g) / (k-g), where P is the stock price, D0 is the current dividend payment, g is the dividend growth rate, and k is the discount rate, please derive a formula for the discount rate k in terms of P, D0, and g. TGT currently pays a dividend of $4.32 per share. Under the assumption that the company's stock price is fairly valued, and its annual dividend growth rate is 2%, what is the implied discount rate according to your formula from the previous question? Please use TGT's share price on Sept 2 for this calculation. Part II. Investment Strategies: A case study Carefully read the case study \"Jeff Vinik at Fidelity Magellan\". Write a case summary (limit 3 pages) and make sure that your summary includes answers to the following questions: a. b. c. What is the major difference between the investment strategies of Peter Lynch and Jeff Vinik at Magellan? What are some of the difculties that Jeff Vinik encounter when implement his strategy? In your view, what is the main reason behind Vinik's departure from Magellan

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