Sia Dance Studios has an annual cash dividend policy that raises the dividend each year by 33?%. Last? year's dividend, Div0?, was $4 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 8?%
b. an investor wants a return of 10?%
c. an investor wants a return of 12?%
d. an investor wants a return of 15?%
e. an investor wants a return of 18?%