Ranyards beta is 099 and the last dividend per share paid


Ranyard's beta is 0.99, and the last dividend per share paid was $3.1. The market risk premium is estimated to be 6.74%, and the real rate of interest is 2.18%. The liquidity risk premium is 0.6%. Analysts expect the company to grow at a rate of 3.31% indefinitely. The risk free rate is 3.63%. What should be Ranyard's current stock price? Round your answer to two decimal places.

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Financial Management: Ranyards beta is 099 and the last dividend per share paid
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