(Answered) Four years ago bling diamond inc paid a dividend of 175 per

Finance

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?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92844890
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Fake company lambda just paid a large dividend to common

Fake Company Lambda just paid a large dividend to common shareholders of $1.24. Company executives also announced a plan to keep the dividend growing at 3.5% for the foreseeable future. If your required return on equity ...

1 you are valuing a common stock that just paid a dividend

1.) You are valuing a common stock that just paid a dividend of $1.25 per share. You are expecting the stock to grow at the rate of 4% annually, and the stock to give you a return of 9%. What should be the price of the s ...

Calculating returnssuppose you bought a bond with a 58

Calculating Returns: Suppose you bought a bond with a 5.8 percent coupon rate one year ago for $1,030. The bond sells for $1,059 today. a. Assuming a $1,000 face value, what was your total dollar return on this investmen ...

Able corporation has project a with the following cash

Able Corporation has Project A with the following cash flows and a 6.8% cost of money: Numbers in parentheses are outflows. Both Year 0 and Year 3 cash flows are outflows. What is the net present value? Year Cash flow 0 ...

An all-equiry business has 175m shares outstanding selling

An all-equiry business has 175M shares outstanding selling for $20/share. Management believes interest rates are unreasonably low and decides to execute a leveraged recapitalization. It will raise $1B in debt and repurch ...

Deyoung entertainment enterprises is considering replacing

DeYoung Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $450,000 and a remaining u ...

The owner of a hardware store in eureka ca is interested in

The owner of a hardware store in Eureka, CA is interested in measuring customers satisfaction of the people that buy something into her store. Which survey research data collection method would you recommend? Why? What a ...

Tom decides to open a small italian wine store in an

Tom decides to open a small Italian wine store in an affluent South Florida neighborhood. He will be an absentee owner and has hired Vinnie as the store manager. He has agreed to pay Vinnie a fixed salary of $75,000 per ...

Question what are the risks associated with fixed income

Question: What are the risks associated with fixed income security. What are possible scenarios that may occur to illustrate the nature of these risks. Question: What are the alternatives a company may look into to prote ...

You are considering buying a stock with a beta of 128 if

You are considering buying a stock with a beta of 1.28. If the risk-free rate of return is 4.0%, and the expected return for the market is 13.0%, what should the expected rate of return be for this stock?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert