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Sia Dance Studios has an annual cash dividend policy that raises the dividend each year by 4 % . Last year's dividend, Div ? 0

Sia Dance Studios has an annual cash dividend policy that raises the dividend each year by 4%. Last year's dividend, Div ?0, was $6 per share. The company will be in business for 70 years with no liquidating dividend. What is the price of this stock if.
a. an investor wants a return of 9%?
b. an investor wants a return of 11%?
c. an investor wants a return of 12%?
d. an investor wants a return of 14%?
e. an investor wants a return of 17%?
a. What is the price of this stock if an investor wants a return of 9%?
(Round to the nearest cent.)
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