9-24,Dividend Growth,Four years ago, Bling Diamond, Inc. paid a dividend of $1.20 per share. Bling paid a dividend of $1.93 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 7 percent per year. What will Bling Diamond’s cash dividend be in seven years?,
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