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Pender Guitars has a current annual cash dividend policy of $7.00. The price of the stock is set to yield a return of 10%. what
Pender Guitars has a current annual cash dividend policy of $7.00. The price of the stock is set to yield a return of 10%. what is the price of this stock if the dividend will be i a. for 8 years and then the comapny repurchases the stock for $30? b. for 11 years and then the comapny repurchases the stock for $30? c. for 50 years and then the comapny repurchases the stock for $30? d. for 60 years and then the comapny repurchases the stock for $30? e. for 100 years and then the comapny repurchases the stock for $30? f. forever with no repurchase of the stock? a. What is the price of this stock if the dividend will be paid for 8 years and then the comapny repurchases the stock for $30? (Round to the nearest cent) b. What is the price of this stock if the dividend will be paid for 11 years and then the comapny repurchases the stock for $30? (Round to the nearest cent.) c. What is the price of this stock if the dividend will be paid for 50 years and then the comapny repurchases the stock for $30? $(Round to the nearest cent.) d. What is the price of this stock if the dividend will be paid for 60 years and then the comapny repurchases the stock for $30? (Round to the nearest cent) e. What is the price of this stock if the dividend will be paid for 100 years and then the comapny repurchases the stock for $30? $L (Round to the nearest cent.) f. What is the price of this stock if the dividend will be paid forever with no repurchase of the stock? Round to the nearest cent.)
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