Katrina made a gift of 3,000 ￡1 ordinary shares in CTS Ltd, an unquoted investment company. CTS Ltd has 20,000 ￡1 ordinary shares in issue. Before the transfer Katrina owned 11,000 of these shares. The shares are worth ￡18 each for a holding of 14%, ￡24 each for a holding of 40%, and ￡37 each for a holding of 55%.What value has been transferred by Katrina in making the gift?
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