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Pfender Guitars has a current annual cash dividend policy of Pfender Guitars has a current annual cash dividend policy of $4.00. The price of the

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Pfender Guitars has a current annual cash dividend policy of

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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 12%. What is the price of this stock if the dividend will be paid for 9 years and then the comapny repurchases the stock for $25? for 15 years and then the comapny repurchases the stock for $25? for 40 years and then the comapny repurchases the stock for $25? for 60 years and then the comapny repurchases the stock for $25? for 100 years and then the comapny repurchases the stock for $25? forever with no repurchase of the stock? #999979: 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 $25? $E| (Round to the nearest cent.)

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