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Pfender Guitars has a current annual cash dividend policy of $4.00. The price of the stock is set to yield a return of 8%. What

Pfender Guitars has a current annual cash dividend policy of $4.00. 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 company repurchases the stock for $35?

b.for 11 years and then the company repurchases the stock for $35?

c.for 50 years and then the company repurchases the stock for $35?

d.for 60 years and then the company repurchases the stock for $35?

e.for 100 years and then the company repurchases the stock for $35?

f.forever with no repurchase of the stock?

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