Pfender Guitars has a current annual cash dividend policy of $$$$6\mathrm{.}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 paid

a$.$for $9$ 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 $40$ 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?

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Part $1$

a$.$What is the price of this stock if the dividend will be paid for $9$ years and then the comapny repurchases the stock for $ $30?$