Pfender Guitars has a current annual cash dividend policy of $6.00. The price of the stock is set to yield a return of 7%. What is the price of this stock if the dividend will be paid
a. for 9 years and then the comapny repurchases the stock for $25?
b. for 14 years and then the comapny repurchases the stock for $25?
c. for 50 years and then the comapny repurchases the stock for $25?
d. for 60 years and then the comapny repurchases the stock for $25?
e. for 100 years and then the comapny repurchases the stock for $25?
f. forever with no repurchase of the stock?