King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. The most recent dividend, Div 0, 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 10% ? c. an investor wants a return of 11% ? d. an investor wants a return of 13% ? e. an investor wants a return of 18% ? a. What is the stock's price if an investor wants a return of 6% ? $ (Round to the nearest cent.) Fenway Athletic Club plans to offer its members preferred stock with a par value of $200 and an annual dividen rate of 6%. What price should these members be willing to pay for the returns they want? a. Theo wants a return of 10%. b. Jonathan wants a return of 13%. c. Josh wants a return of 16%. d. Terry wants a return of 18%. a. If Theo wants a return of 10%, what price should he be willing to pay? (Round to the nearest cent.) Yankee Athletic Club has preferred stock with a par value of $80 and an annual 7% cumulative dividend. Give the following prices for the preferred stock, what is each investor seeking for his or her return? a. Alex is willing to pay $35. b. Derek is willing to pay $30. c. Marcia is willing to pay $15. d. Johnny is willing to pay $5. a. If Alex is willing to pay $35 for the preferred stock, what rate of return is he seeking? % (Round to tvyo decimal places) Villalpando Winery wants to raise $40 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred stock, what annual dividend will it have to promise if investors demand a retum of a. 11% ? b. 16% ? c. 9% ? d. 10% ? e. 6% ? f. 3% ? a. What annual dividend will it have to promise if investors demand a return of 11% ? (Round to the nearest cent.)