Common stock valueZero growthPersonal Finance ProblemKelsey 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

$10per share per year for the last 18 years. Management expects to continue to pay at that amount for the foreseeable future. Sally Talbot purchased 100 shares of Kelsey class A common 10years ago at a time when the required rate of return for the stock was 13%. She wants to sell her shares today. The current required rate of return for the stock is 16%. How much total capital gain or loss will Sally have on her shares?

The value of the stock when Sally purchased it was $77per share.(Round to the nearest cent.)

The value of the stock if Sally sells her shares today is $62.5per share.(Round to the nearest cent.)

The total capital gain (or loss) Sally will have on her shares is $________.

(Round to the nearest dollar. Enter a positive number for a capital gain and a negative number for a loss.)