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Four years ago, Bling Diamond, Inc., paid a dividend of $ 1 . 6 5 per share. The company paid a dividend of $ 2

Four years ago, Bling Diamond, Inc., paid a dividend of $1.65 per share. The company paid a dividend of $2.10 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 5 percent per year. What is the current price of Bling Diamond stock if the required rate of return is 8%? What will the companys dividend be in seven years? Show work in excel please!

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