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

12%.

What is the price of this stock if the dividend will be paid

a.for 12 years?

b.for 16 years?

c.for 40 years?

d.for 60 years?

e.for 100 years?

f.forever?