Four years ago, Bling Diamond, Inc., paid a dividend of $2.95 per share. The company paid...

Four years ago, Bling Diamond, Inc., paid a dividend of $2.95 per share. The company paid a dividend of $3.37 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Calculate the Cash dividend in $

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jeff jeffy answered 2 years ago

Four years ago, Bling Diamond, Inc., paid a dividend of $2.95 per share.

Four years ago, Bling Diamond, Inc., paid a dividend of $2.95 per share. The firm paid a dividend of $3.37 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 firm’s cash dividend be in seven years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Cash dividend $

Four years ago, Bling Diamond, Inc., paid a dividend of $2.65 per share. The firm paid...

Four years ago, Bling Diamond, Inc., paid a dividend of $2.65 per share. The firm paid a dividend of $3.07 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 4 percent per year. What will the firm’s cash dividend be in seven years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash dividend

Four years ago, XYZ company paid a dividend of $0.80 per share. Today XYZ paid a...

Four years ago, XYZ company paid a dividend of $0.80 per share. Today XYZ paid a dividend of $1.66 per share. It is expected that the company will pay dividends growing at this same rate for the next 5 years. Thereafter, the growth rate will level off at 8% per year. The current stock price is $30. If the required return on this stock remains at 18%, should you buy the stock? Please show all steps. Don't round off until...

2. The dividend just paid by Seattle Coffee Shops was $2.95 per share. The dividends are...

2. The dividend just paid by Seattle Coffee Shops was $2.95 per share. The dividends are anticipated to maintain a growth rate of 6% forever. If the stock currently sells for $64 per share, what is the required return?

A company just paid a dividend of $1.95 per share, and that dividend is expected to...

A company just paid a dividend of $1.95 per share, and that dividend is expected to grow at a constant rate of 4.50% per year in the future. The company's beta is 1.65, the market risk premium is 8.5%, and the risk-free rate is 6.50%. What is the company's current stock price?

Marigold Mechanical Inc.’s first dividend of $1.40 per share is expected to be paid six years...

Marigold Mechanical Inc.’s first dividend of $1.40 per share is expected to be paid six years from today. From then on, dividends will grow by 10 percent per year for five years. After five years, the growth rate will slow to 5 percent per year in perpetuity. Assume that Marigold’s required rate of return is 16 percent. What is the price of a share of Marigold Mechanical today? (Round present value factor calculations to 5 decimal places, e.g. 1.15612. Round...

ABC Inc.’s first dividend of $2.60 per share is expected to be paid six years from...

ABC Inc.’s first dividend of $2.60 per share is expected to be paid six years from today. From then on, dividends will grow by 10 percent per year for five years. After five years, the growth rate will slow to 5 percent per year in perpetuity. Assume that ABC's required rate of return is 13 percent. What is the price of a share of ABC Inc. today?

A company just paid a dividend of $1.53 per share and you expect the dividend to...

A company just paid a dividend of $1.53 per share and you expect the dividend to grow at a constant rate of 5.6% per year indefinitely into the future. If the required rate of return is 13.4% per year, what would be a fair price for this stock today? (Answer to the nearest penny per share.)

A company just paid a dividend of $0.79 per share and you expect the dividend to...

A company just paid a dividend of $0.79 per share and you expect the dividend to grow at a constant rate of 5.2% per year indefinitely into the future. If the required rate of return is 12.4% per year, what would be a fair price for this stock today? (Answer to the nearest penny per share.) A 6.4% coupon bearing bond pays interest semi-annually and has a maturity of 6 years. If the current price of the bond is $1,023.87,...

The Jameson Company just paid a dividend of $0.75 per share, and that dividend is expected...

The Jameson Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.00% per year in the future. The company's beta is 1.75, the market risk premium is 5.00%, and the risk-free rate is 4.00%. What is Jameson's current stock price, P0?

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