share. (b.)-Buy the stock-and-hold it forever.

3.-A high-tech company is expected to earn a annual, constant dividend of $20 per share forever (that is, t-). Suppose the expected rate of return of the stock.is 18% per year. Please determine the reasonable price (Po) per share of the stock in the following investment conditions: .....(30%)- (a.)- Buy the stock, hold-it for 10 years, and then sell at the price of $70 per share. (b.)-Buy the stock and hold it forever