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the answer is not 3.10 Four years ago, Bling Diamond, Inc., paid a dividend of $1.55 per share. The firm paid a dividend of $1.97

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the answer is not 3.10
Four years ago, Bling Diamond, Inc., paid a dividend of $1.55 per share. The firm paid a dividend of $1.97 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 4 percent per year. What will the firm's cash dividend be in seven years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash dividend $ 3.10

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