King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. The most recent dividend, Divo, was $0.45 per share. What is the stock's price if 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 17%? a. What is the stock's price if an investor wants a return of 7%? $ (Round to the nearest cent.)