Problemfour years ago bling diamond inc paid a dividend of, Ask an Expert

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Problem:

Four years ago, Bling Diamond, Inc., paid a dividend of $1.29 per share. Bling paid a dividend of $1.9 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 8% per year.

Required:

Question: What will Bling Diamond's cash dividends be in seven years?

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169458

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