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
?$10per share per year for the last 18years. Management expects to continue to pay at that amount for the foreseeable future. Sally Talbot purchased 100shares of Kelsey class A common 10years ago at a time when the required rate of return for the stock was
13?%. She wants to sell her shares today. The current required rate of return for the stock is 16?%.
How much total capital gain or loss will Sally have on her? shares? The value of the stock when Sally purchased it was
?$_______per share. ?(Round to the nearest? cent.)