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Dividend Growth Four years ago, Bling Diamond, Inc., paid a dividend of $.90 per share. Bling paid a dividend of $1.66 per share yesterday. Dividends
Dividend Growth Four years ago, Bling Diamond, Inc., paid a dividend of $.90 per share. Bling paid a dividend of $1.66 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 8 percent per year. The required return on the stock is 18 percent. What will Bling Diamond's cash dividend be in seven years
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