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Anderson Motors, Inc. has just set the company dividend policy at $0.70 per year. The company plans to be in business forever. What is the

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Anderson Motors, Inc. has just set the company dividend policy at $0.70 per year. The company plans to be in business forever. What is the price of this stock if a. an investor wants a retum of 5%? b. an investor wants a retum of 7%? c. an investor wants a return of 9%? d. an investor wants a return of 11%? e. an investor wants a retum of 18%? a. What is the stock price if an investor wants a return of 5%? (Round to the nearest cent.)

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