Anderson Motors, Inc. has just set the company dividend policy at

$0.45

per year. The company plans to be in business forever. What is the price of this stock if

a.an investor wants a return of

6%?

b.an investor wants a return of

8%?

c.an investor wants a return of

9%?

d.an investor wants a return of

16%?

e.an investor wants a return of

17%?