King Waterbeds has an annual cash dividend policy that raises the dividend each year by 6%. The most recent dividend, Div0, 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 10 %

c. an investor wants a return of 11%

d. an investor wants a return of 15%

e. an investor wants a return of 17%