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Tawny Ltd. issued a fixed-rate perpetual preference share 3 years ago at $25.00 per share with a $1.20 dividend. If the company were to issue

Tawny Ltd. issued a fixed-rate perpetual preference share 3 years ago at $25.00 per share with a $1.20 dividend. If the company were to issue preference shares today, the yield would be 5.7 per cent. Calculate the share's current value. (1 Mark) Answer: Express answer as a decimal to 2 decimal places. please don't spend time showing steps of the calculation. I really need the answer in 15 minutes. please keep it short. I only need the number.

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