mhecucat or com raded Homework Help Save & B 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 $24,500 for 1,020 shares of Malti Company's common stock. She received a $898 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 $20,000. Kathy would ike to ear a return of at least 8% on all of her investments. She is not sure whether the Malti Company stock provide a 8% return and would like some help with the necessary computations. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: 1. Compute the net present value that Kathy earned on her investment in Malti Company stock. 2 Did the Malti Company stock provide a 8% return? Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute the net present value that Kathy earned on her investment in Malti Company stock. (Negative amount should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) present value Required 2> 1 of 1 l Prev Next