King Waterbeds has an annual cash dividend policy that raises the dividend each year by 6%. The most recent dividend, Div , was $0.35 per share. What is the stock's price if a. an investor wants a return of 7% ? b. an investor wants a return of 8% ? 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 7% ? (Round to the nearest cent.) b. What is the stock's price if an investor wants a return of 8% ? $ (Round to the nearest cent.)