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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.
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 9%? 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 9%? $ (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%? Enter your answer in each of the answer boxes
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