Question: Please solve for all six, a-f. Pfender Guitars has a current annual cash dividend policy of $5.00. The price of the stock is set to

Please solve for all six, a-f.
Pfender Guitars has a current annual cash dividend policy of $5.00. 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 8 years and then the comapny repurchases the stock for $30 ? b. for 12 years and then the comapny repurchases the stock for $30 ? c. for 40 years and then the comapny repurchases the stock for $30 ? d. for 60 years and then the comapny repurchases the stock for $30 ? e. for 100 years and then the comapny repurchases the stock for $30 ? f. forever with no repurchase of the stock? a. What is the price of this stock if the dividend will be paid for 8 years and then the comapny repurchases the stock for $30 ? (Round to the nearest cent.)
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