#4 b only

4. Pfender Guitars has a current annual cash dividend policy of $4.00. The price of the stock is set to yield an 8% return. What is the price of this stock if the dividend will be paid a. for 10 years and then the company repurchases the stock for $25.00 b. for 15 years and then the company repurchases the stock for $25.00% c. for 40 years and then the company repurchases the stock for $25.00? d. for 60 years and then the company repurchases the stock for $25.00? e. for 100 years and then the company repurchases the stock for $25.00? f. forever with no repurchase of the stock