Four years ago, Bling Diamond, Inc., paid a dividend of $ 1 . 6 5 per share.
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Question:
Four years ago, Bling Diamond, Inc., paid a dividend of $ per share. The company paid a dividend of $ 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 percent per year. What is the current price of Bling Diamond stock if the required rate of return is What will the companys dividend be in seven years? Show work in excel please!
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