Seitz Glassware is trying to determine its growth rate for an annual cash dividend. The most recent dividend,

Div0,

was

$0.30

per share. The stock's target return rate is

12%.

What is the stock's price ifa.the annual growth rate is

3%?

b.the annual growth rate is

5%?

c.the annual growth rate is

6%?

d.the annual growth rate is

8%?

e.the annual growth rate is

10%?

a.What is the stock's price if the annual growth rate is

3%?

$nothing

(Round to the nearest cent.)