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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 7%. What

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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 7%. What is the price of this stock if the dividend will be paid a. for 10 years and then the comapny repurchases the stock for $35 ? b. for 14 years and then the comapny repurchases the stock for $35 ? c. for 40 years and then the comapny repurchases the stock for $35 ? d. for 60 years and then the comapny repurchases the stock for $35 ? e. for 100 years and then the comapny repurchases the stock for $35 ? f. forever with no repurchase of the stock? a. What is the price of this stock if the dividend will be paid for 10 years and then the comapny repurchases the stock for $35 ? (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 $35? \$ (Round to the nearest cent.)

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