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Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is earning For example, three

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Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is earning For example, three years ago she paid $20,000 for 940 shares of Mailti Company's common stock She received a $752 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 $23,000 Kathy would lke to ean a return of at least 13% on all of her investments. She is not sure whether the Malti Company stock provided a 13% return and would like some hep with the necessary computations Click here to view Eshibit 38-1 and Exhibit 139.2, to determine the appropriate discount factons) using tables. Required 1 Compute the net present value that Kathy earned on her investment in Malt Company stock Did the Malti Company stock provide a 13% return? Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute the nat present value that Kathy eamed on har investment in Malki Company stock. (agative amcunta should be indicated by a minus sign Round your final anewer to the naarest whole oollar amount.) Reqaired 2

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