What should be ranyards current stock price

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Reference no: EM13881250

Ranyard's beta is 0.96, and the last dividend per share paid was $3.62. The market risk premium is estimated to be 6.45%, and the real rate of interest is 2.02%. The liquidity risk premium is 0.5%. Analysts expect the company to grow at a rate of 3.96% indefinitely. The risk free rate is 2.96%. What should be Ranyard's current stock price? Round your answer to two decimal places.

Reference no: EM13881250

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