Singing Fish Fine Foods has a current annual cash dividend policy of $3.00.

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?

b. for 17 years?

c. for 41 years?

d. for 50 years?

e. for 100 years?

f. forever?

a. What is the price of this stock if the dividend will be paid for 10 years?

$__________ (Round to the nearest cent.)

b. What is the price of this stock if the dividend will be paid for 17 years?

$__________ (Round to the nearest cent.)

c. What is the price of this stock if the dividend will be paid for 41 years?

$__________ (Round to the nearest cent.)

d. What is the price of this stock if the dividend will be paid for 50 years?

$__________ (Round to the nearest cent.)

e. What is the price of this stock if the dividend will be paid for 100 years?

$__________ (Round to the nearest cent.)

f. What is the price of this stock if the dividend will be paid for forever?

$__________ (Round to the nearest cent.)