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King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5 % . The most recent dividend, D i v

King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. The
most recent dividend, Div0, was $0.45 per share. What is the stock's price if
a. an investor wants a return of 6%?
b. an investor wants a return of 8%?
c. an investor wants a return of 11%?
d. an investor wants a return of 13%?
e. an investor wants a return of 18%?
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