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LASER, INC JUST PAID A DIVIDEND OF $2.75 ON ITS STOCK. THE GROWTH RATE IN DIVIDENDS IS EXPECTED TO BE A CONSTANT 6% PER YEAR,

LASER, INC JUST PAID A DIVIDEND OF $2.75 ON ITS STOCK. THE GROWTH RATE IN DIVIDENDS IS EXPECTED TO BE A CONSTANT 6% PER YEAR, INDEFINITELY. INVESTORS REQUIRE A 16% RETURN ON THE STOCK FOR THE FIRST THREE YEARS, A 14% RETURN FOR THE NEXT THREE YEARS, AND THEN AN 11% RETURN THEREAFTER. WHAT IS THE CURRENT SHARE PRICE FOR THE STOCK FOUR YEARS AGO, BLING DIAMOND, INC PAID A DIVIDEND OF $1.20 PER SHARE. BLING PAID A DIVIDEND OF$1.93 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 7% PER YEAR. WHAT WILL BLING DIAMOND'S CASH DIVIDEND BE IN 7 YEARS PLEASE USE EXECL

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