Pfender Guitars has a current annual cash dividend policy of $6.00. The price of the stock is set to yield a return of 9%. What is the price of this stock if the dividend will be paid?

Note: The liquidating or final dividend is paid at the same time as the last annual cash dividend.

1. What is the price of this stock if the dividend will be paid for 9 years and then a liquidating or final dividend of $30?
2. What is the price of this stock if the dividend will be paid for 11 years and then a liquidating or final dividend of $30?
3. What is the price of this stock if the dividend will be paid for 40 years and then a liquidating or final dividend of $30?
4. What is the price of this stock if the dividend will be paid for 60 years and then a liquidating or final dividend of $30?
5. What is the price of this stock if the dividend will be paid for 100 years and then a liquidating or final dividend of $30?
6. What is the price of this stock if the dividend will be paid forever without a liquidating or final dividend?