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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 10%.
Pfender Guitars has a current annual cash dividend policy of $4.00. 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 14 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? 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? (Round to the nearest cent.) b. What is the price of this stock if the dividend will be paid for 14 years and then the comapny repurchases the stock for $30? $(Round to the nearest cent.) c. What is the price of this stock if the dividend will be paid for 40 years and then the comapny repurchases the stock for $30? (Round to the nearest cent 1 b. What is the price of this stock if the dividend will be paid for 14 years and then the comapny repurchases the stock for $30? $(Round to the nearest cent.) c. What is the price of this stock if the dividend will be paid for 40 years and then the comapny repurchases the stock for $30? $(Round to the nearest cent.) d. What is the price of this stock if the dividend will be paid for 60 years and then the comapny repurchases the stock for $30? $(Round to the nearest cent) e. What is the price of this stock if the dividend will be paid for 100 years and then the comapny repurchases the stock for $30? (Round to the nearest cent.) What is the price of this stock if the dividend will be paid forever with no repurchase of the stock? (Round to the nearest cent.)
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