E King Waterbeds has an annual cash dividend policy that raises the dividend each year by 6%. The most recent dividend, Divo. was $0.40 per share. What is the stock's price a. an investor wants a return of 7%? b. an investor wants a return of 9%? c. an investor wants a return of 11%? d. an investor wants a return of 15%? e. an investor wants a return of 18%? a. What is the stock's price of an investor wants a return of 7%? (Round to the nearest cont.)