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 $2.98 per share per year for the last 17 years. Management expects to continue to pay at that amount for the foreseeable future. Kim Arnold purchased 200 shares of Kelsey class A common 10 years ago at a time when the required rate of return for the stock was 9.7%. She wants to sell her shares today. The current required rate of return for the stock is 4.70%. How much total capital gain or loss will Kim have on her shares?

the value of the stock when Kim purchased it was $___per share.(Round to the nearest cent.)

Part 2

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

Part 3

The total capital gain (or loss) Kim 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.)