4/ Stock price. 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 will repurchase the stock for $25.00? b. for 15 years and then the company will repurchase the stock for $25.00? c. for 40 years and then the company will repurchase the stock for $25.00