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 $ 4 per share for the last 16 years Management expects to continue to pay at that amount for the foreseeable future. Sally Talbot purchased 400 shares of Kelsey class A common 6 years 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?