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Four years ago, Bling Diamond, Inc., paid a dividend of $2.75 per share. The company paid a dividend of $3.17 per share yesterday. Dividends will
Four years ago, Bling Diamond, Inc., paid a dividend of $2.75 per share. The company paid a dividend of $3.17 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 will the companys cash dividend be in seven years?
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