King Waterbeds has an annual cash dividend policy that raises the dividend each year by

6%.

The most recent dividend,

Div0,

was

$0.40

per share. What is the stock's price ifa.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

19%?

a.What is the stock's price if an investor wants a return of

7%?