Determining the cash dividend


Four years ago, Bling Diamond, Inc., paid a dividend of $1.26 per share. Bling paid a dividend of $2.01 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 10 percent per year. What will Bling Diamond's cash dividend be in seven years

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Finance Basics: Determining the cash dividend
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