Four years ago, Bling Diamond, Inc., paid a dividend of $1.02 per share. The firm paid a

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Four years ago, Bling Diamond, Inc., paid a dividend of $1.02 per share. The firm paid a dividend of $1.87 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 firm’s cash dividend be in seven years?

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Corporate Finance Core Principles And Applications

ISBN: 9781260571127

6th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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