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Common stock value - Zero growth Personal Finance Problem Kelsey Drums, Inc;, is a well-established supplie of fine percussion instruments to orchestras all over the
Common stock value - Zero growth Personal Finance Problem Kelsey Drums, Inc;, is a well-established supplie of fine percussion instruments to orchestras all over the United States. The company's class A common stock has paid a dividend of $2.80 per share per year for the last 12 years. Management expocts to continue to pay at that amount for the foreseeable future. Kim nold purchased 200 . shares of Kelsey class A common 10 years ago at a time when the required rate of retum for the slock was 7.6%. She wants to seil her shares today. The current required rate of tetum for the slock is 925%. How much total capital gain or loss will Kim have on her shares? The value of the stock when Kim purchased it was
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