King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. The most recent dividend, Divo, was $0.35 per share. What is the stock's price if a. an investor wants a return of 6%? b. an investor wants a return of 10%? c. an investor wants a return of 11%? d. an investor wants a return of 15%? e. an investor wants a return of 19%?
