Analysts expect the company to grow at rate

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Ranyard's beta is 1.13, and the last dividend per share paid was $3.85. The market risk premium is estimated to be 6.37%, and the real rate of interest is 2.01%. The liquidity risk premium is 0.7%. Analysts expect the company to grow at a rate of 3.28% indefinitely. The risk free rate is 2.58%. What should be Ranyard's current stock price? Round your answer to two decimal places.

Reference no: EM131317115

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