Pfender Guitars has a current annual cash dividend policy of $4.00. The price of the stock is set to yield a return of 7%. 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 12 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]f the dividend will be paid for 9 years and then the comapny repurchases the stock for $30 ? (Round to the nearest cent)