Question
Four years ago, Bling Diamond, Inc., paid a dividend of $3.25 per share. The firm paid a dividend of $3.67 per share yesterday. Dividends will
Four years ago, Bling Diamond, Inc., paid a dividend of $3.25 per share. The firm paid a dividend of $3.67 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 6 percent per year.
What will the firm's cash dividend be in seven years?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
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