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Ring Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. The most recent dividend, Divo, was $0.40 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 12%? e. an investor wants a return of 17%? a. What is the stock's price if an investor wants a return of 6%? (Round to the nearest cent.)