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Pfender Guitars has a current annual cash dividend policy of $ 4 . 0 0 . The price of the stock is set to yield

Pfender Guitars has a current annual cash dividend policy of $4.00. The price of the stock is set to yield an 8% return. What is the price of this stock if the dividend will be paid for 60 years and then a liquidating or final dividend of $25.00?
47.35
49.75
58.04
48.95
52.57
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