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. 3.00 points Kathy Myers frequenty purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is coming.

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. 3.00 points Kathy Myers frequenty purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is coming. For example, three years ago she paid $24.500 for 1,020 shares of Mars Company's common stock. She received a $618 cash dividend on the stock at the end of each year for three years. At the end of three years, she sold the stock for $20,000. Kathy would like to earn a return of at least 8% on all of her investments. She is not sure whether the Malt Company stock provided a Bretumn and would like some help with the necessary computations (Ignore income taxes) Click here to view -1 and 86-2. to determine the appropriate discount factor) using the Required: 1. Determine the nel present Value Mound your answer to the nearest whole dollar)

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