King waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. .....................................

Score: 0 of 5 pts 5 of 11 (3 complete) HW Score: 27.27%, 15 of 55 pts P7-5 (similar to) Question Help King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. The most recent dividend, Divo, was $0.40 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 14%? e. an investor wants a return of 17%? a. What is the stock's price if an investor wants a return of 7%? s (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. ? 4 parts remaining Clear All Check