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 $4 er share per year for the last 18 years. Management expects to continue to pay at that amount for the foreseeable future. Sally Talbot purchased 400 shares of Kelsey class A common 7 years ago at a time when the required rate of return for the stock was 14?%. She wants to sell her shares today. The current required rate of return for the stock is 17?%. How much total capital gain or loss will Sally have on her? shares?
a. The value of the stock when Sally purchased it was $ per share
b. The value of the stock if Sally sells her shares today is $ per share
c. The total capital gain? (or loss) Sally will have on her shares is