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Pfender Guitars has a current annual cash dividend policy of $ 7 . 0 0 . The price of the stock is set to yield

Pfender Guitars has a current annual cash dividend policy of $7.00. The price of the stock is set to yield a return of 8%. What is the price of this stock if the dividend will be paid
a. for 8 years and then the comapny repurchases the stock for $25?
b. for 11 years and then the comapny repurchases the stock for $25?
c. for 40 years and then the comapny repurchases the stock for $25?
d. for 60 years and then the comapny repurchases the stock for $25?
e. for 100 years and then the comapny repurchases the stock for $25?
f. forever with no repurchase of the stock?
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