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 $ 6 per share per year for the last 17 years. Management expects to continue to pay at that amount for the foreseeable future. Sally Talbot purchased 500 shares of Kelsey class A common 8 years ago at a time when the required rate of return for the stock was 14% She wants to sell her shares today. The current required rate of return for the stock is 18%. How much total capital gain or loss will Sally have on her shares?

1) The value of the stock when Sally purchased it was $________ per share ROUND TO NEAREST CENT

2) The value of the stock if Sally sells her shares today is $ ___________ per share. ROUND TO NEAREST CENT

3) The total capital gain (or loss) Sally will have on her shares is $___________ ROUND TO NEAREST DOLLAR!!! ENTER A POSITIVE NUMBER FOR A CAPITAL GAIN AND A NEGATIVE NUMBER FOR A LOSS.