Homework: Chapter 7 Homework Question 2, P7-5 (similar to) Part 1 of 5 HW Score: 0%, 0 of 8 points O Points: 0 of 1 Save King Waterbeds has an annual cash dividend policy that raises the dividend each year by 6%. The most recent dividend, Divo, was $0.40 per share. What is the stock's price it a. an investor wants a return of 7%? b. an investor wants a return of 10%? 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 7%? (Round to the nearest cent.)