Calculate the fair price for a stock which has the following characteristics:

a. Shares on issue: 498,500,000

b. Earnings per share: $8.812

c. Dividend per share: $6.985

d. Value of equity in its accounts: $23,450,000,000

e. Standard deviation of the stock is 20.19%

f. Standard deviation and return of the market are 17.94%, 14.65% respectively

g. Correlation of the stock with the market is 0.96

h. Risk-free rate is 5.25%