Pfender Guitars has a current annual cash dividend policy of $5.00

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

9 years and then the comapny repurchases the stock for $30

30?

b.for 13

13 years and then the comapny repurchases the stock for $30

30?

c.for 40

40 years and then the comapny repurchases the stock for $30

30?

d.for 60

60 years and then the comapny repurchases the stock for $30

30?

e.for 100

100 years and then the comapny repurchases the stock for $30

30?

f.forever with no repurchase of thestock?

a.What is the price of this stock if the dividend will be paid for 9

9 years and then the comapny repurchases the stock for $ 30

$30?