Question $40$

$1$ pts

Shurter Limited has just paid a dividend of $$2\mathrm{.}39$ per share and these dividends are expected to grow at $5\%$ p$.$a$.$ Given a risk$-$free rate of $5\mathrm{.}5\%$ and a market return of $12\%,$ calculate an estimate of Shurter's share price $($in $ $)$ if its beta is $1\mathrm{.}6.$ Round your final answer to $2$ decimal places.