Question: 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 $10 per 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.)