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Common stock valuelong dashZero growthPersonal Finance ProblemKelsey Drums, Inc., is awell-established supplier of fine percussion...

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Accounting

Common stock

valuelong dashZero

growthPersonal Finance ProblemKelsey Drums, Inc., is awell-established supplier of fine percussion instruments to orchestras all over the United States. Thecompany's class A common stock has paid a dividend of $3 per share per year for the last15 years. Management expects to continue to pay at that amount for the foreseeable future. Sally Talbot purchased 400 shares of Kelsey class A common stock 10 years ago at a time when the required rate of return for the stock was11%.She wants to sell her shares today. The current required rate of return for the stock is16%.

How much total capital gain or loss will Sally have on her shares?

The value of the stock when Sally purchased it was ? per share.(Round to the nearest cent.)

The value of the stock if Sally sells her shares today is ? per share.(Round to the nearestcent.)

The total capital gain (or loss) Sally 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.)

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