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Common stock value-Zero growth Personal Finance Problem Kelsey Drums, Inc., is a well-establshed supplier of fine percussion instruments to orchestras a aver the United States.

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Common stock value-Zero growth Personal Finance Problem Kelsey Drums, Inc., is a well-establshed supplier of fine percussion instruments to orchestras a aver the United States. The company's class A common stock has paid a dildend of $2.66 per share per year for the last 18 years. Management expects to continue to pay at that amount for the foreseeable future. Kim Aunold purchased 300 shares of Kelsey class A common 5 years ago at a time when the required rate of retum for the stock was 8.1% She wants to sell her shares today. The current required rate of retum for the stock is 13.10\%. How much total capital gain or loss will Kim have on her shares? The value of the stock when Kim purchased it was 5 per share. (Round to the nearest cent.)

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