Four years ago, Bling Diamond, Inc., paid a dividend of $1.95 per share. The company paid a
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Four years ago, Bling Diamond, Inc., paid a dividend of $1.95 per share. The company paid a dividend of $2.75 per share yesterday. Dividends will grow over the next five years at the same rate they grew over the last four years. Thereafter, dividends will grow at 4.5 percent per year. What will the company’s dividend be in seven years?
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Related Book For
Corporate Finance
ISBN: 9781260772388
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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