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Company cash dividend be in seven years

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Reference no: EM132003135

Four years ago, Bling Diamond, Inc., paid a dividend of $1.75 per share. The company paid a dividend of $2.17 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 6 percent per year.

What will the company's cash dividend be in seven years?

Reference no: EM132003135

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