Beachmaster suntan oils dividend is expected to grow at a


Beachmaster Suntan Oil’s dividend is expected to grow at a 20% rate each of the next 2 years. After that, dividend growth is expected to normalize at about 6.5% annually. Beachmaster just paid a $1.25 annual dividend per share. The require rate of the return of the stock is 12%.  6. What is your estimated stock price today?

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Financial Management: Beachmaster suntan oils dividend is expected to grow at a
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