Question
Pan 1 of 3 Points: 0 of 1 Common stock value-Zero growth Personal Finance Problem Kelsey Drums, Inc. is a wes established supplier of
Pan 1 of 3 Points: 0 of 1 Common stock value-Zero growth Personal Finance Problem Kelsey Drums, Inc. is a wes established supplier of fine percussion instruments in orchestras all over the United States. The company's class A common stock has paid a dividend of $2 80 per share per year for the last 12 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 70% She wants to sell her shares today. The current required rate of retum for the stock is 9.25% 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)
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