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King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. The most recent dividend, Divo. Was $0.35 per share.

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King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. The most recent dividend, Divo. Was $0.35 per share. What is the stock's price if a. an investor wants a return of 6% ? b. an investor wants a retum of 10% ? c. an investor wants a retum of 11% ? d. an investor wants a retum of 13% ? e. an investor wants a return of 18% ? a. What is the stock's price if an investor wants a retum of 6% ? (Round to the nearest cent.)

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