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King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. The most recent dividend, Div0, was $0.50 per share.

King Waterbeds has an annual cash dividend policy that raises the dividend each year by

4%.

The most recent dividend,

Div0,

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 8%?

c.an investor wants a return of 11%?

d.an investor wants a return of 14%?

e.an investor wants a return of 19%?

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