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

c. an investor wants a return of 11%?

d. an investor wants a return of 12%?

e. an investor wants a return of 19%?

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 10%?

$_______ (Round to the nearest cent.)

c. What is the stock's price if an investor wants a return of 11%?

$_______ (Round to the nearest cent.)

d. What is the stock's price if an investor wants a return of 12%?

$_______ (Round to the nearest cent.)

e. What is the stock's price if an investor wants a return of 19%?

$_______ (Round to the nearest cent.)