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Need the second and third question answered. Common stock value - Zero growth Personal Finance Problem Kelsey Drums, Inc., is a well-established supplier of fine
Need the second and third question answered.
Common stock value - Zero growth Personal Finance Problem 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 13 years. Management expects to continue to pay at that amount for the foreseeable future. Kim Amold purchased 300 shares of Kelsey class A common 6 years ago at a time when the required rate of return for the stock was 7.4%. She wants to sell her shares today. The current required rate of return The value of the stock when Kim purchased it was \$ per share. (Round to the nearest cent.) The value of the stock if Kim sells her shares today is $ per share. (Round to the nearest cent.) Step by Step Solution
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