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

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Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return she is earning. For example, three years ago she paid $22,000 for 900 shares of Malti Company's common stock. She received a cash dividend of $684 on the stock at the end of each year for three years. At the end of three years, she sold the stock for $22,000. Kathy would like to earn a return of at least 9% on all of her investments. She is not sure whether the Malti Company stock provides a 9% return and would like some help with the necessary computations. Click here to view and to determine the appropriate discount factor(s) using tables. Required: 1. Compute the net present value Kathy earned on her investment in Molti Company stock. 2. Did the Malti Company stock provide a 9% return? Complete this question by entering your answers in the tabs below. Compute the net present value Kathy earned on her investment in Malti Company stock. Note: Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount. Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return she is earning. For example, three years ago she paid $22,000 for 900 shares of Malti Company's common stock. She received a cash dividend of $684 on the stock at the end of each year for three years. At the end of three years, she sold the stock for $22,000. Kathy would like to earn a return of at least 9% on all of her investments. She is not sure whether the Malti Company stock provides a 9% return and would like some help with the necessary computations. Click here to view and to determine the appropriate discount factor(s) using tables. Required: 1. Compute the net present value Kathy earned on her investment in Maiti Company stock. 2. Did the Maiti Company stock provide a 9% return? Complete this question by entering your answers in the tabs below. Did the Malti Company stock provide a 9% return? EXHIBIT 14B-1 Present Value of $1;1+prn1 EXHIBIT 148-2 Present Value of an Annuity of $1 in Arrears; r1[1(1+r)n1

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