Common stock value-Zero growth Personal Finance Problem Kelsey Drums, Inc., is a well-established supplier of fine percussion instruments to orchestras all over the United States. The company's class A common stock has paid a dividend of $3.04 per share per year for the last 14 years. Management expects to continue to pay at that amount for the foreseeable future. Kim Arnold purchased 300 shares of Kelsey class A common 7 years ago at a time when the required rate of return for the stock was 9.6%. She wants to sell her shares today. The current required rate of return for the stock is 12.60%. How much total capital gain or loss will Kim have on her shares? C. The value of the stock when Kim purchased was $ per share. (Round to the nearest cent.)