Analysts expect the company to grow at a rate of 329


Ranyard's beta is 1.18, and the last dividend per share paid was $3.57. The market risk premium is estimated to be 7.83%, and the real rate of interest is 2.04%. The liquidity risk premium is 0.6%. Analysts expect the company to grow at a rate of 3.29% indefinitely. The risk free rate is 2.92%. What should be Ranyard's current stock price? Round your answer to two decimal places.

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Financial Management: Analysts expect the company to grow at a rate of 329
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