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Pfender Guitars has a current annual cash dividend policy of $6.00. The price of the stock is set to yield a return of 10%. What

Pfender Guitars has a current annual cash dividend policy of $6.00. 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 10 years and then the company repurchases the stock for $30?

b.for 14 years and then the company repurchases the stock for $30?

c.for 50 years and then the company repurchases the stock for $30?

d.for 60 years and then the company repurchases the stock for $30?

e.for 100 years and then the company repurchases the stock for $30?

f.forever with no repurchase of the stock?

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