King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. The most recent dividend, Div 0, was $ 0.50 per share. What is the stock's price ifan investor wants a return of 6%? b.an investor wants a return of 10%? 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 if an investor wants a return of 6%?

(Round to the nearest cent.)

P7-5 (similar to) King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. The most recent dividend, Divo, was $0.50 per share. What is the stock's price if a. an investor wants a return of 6%? b. an investor wants a return of 10%? 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 if an investor wants a return of 6%? $ 0.53 (Round to the nearest cent.)