King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. The most recent dividend, Div 0 , was $0.50 per share. What is the stock's price if a. an investor wants a return of 6% ? b. an investor wants a return of 9% ? 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 6% ? \$ (Round to the nearest cent.)