Diamond cash dividend be in seven years

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Reference no: EM132018428

Four years ago, Bling Diamond, Inc., paid a dividend of $3.05 per share. Bling paid a dividend of $3.47 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 3 percent per year.

What will Bling Diamond’s cash dividend be in seven years?

Reference no: EM132018428

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