King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5 ?%. The most recent? dividend, Div 0 ?, was $ 0.45 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 18 ?%