Question: Four years ago Bling Diamond Inc paid a dividend of
Four years ago, Bling Diamond, Inc., paid a dividend of $1.35 per share. Bling paid a dividend of $1.77 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 Bling Diamond’s cash dividend be in seven years?
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