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Homework: Chapter 7 Homework Save HW Score: 0%, 0 of 5 pts Score: 0 of...

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Homework: Chapter 7 Homework Save HW Score: 0%, 0 of 5 pts Score: 0 of 1 pt 2 of 5 (0 complete) Question Help P7-6 (similar to) 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 S4.31 per share per year for the last 16 years. Management expects to continue to pay at that amount for the foreseeable future. Kim Amold purchased 300 shares of Kelsey class A common 6 years ago at a time when the required rate of return for the stock was 7.5 %. She wants to sell her shares today. The current required rate of return for the stock is 10.50 %. 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.) Enter your answer in the answer box and then click Check Answer parts remaining Clear All Check

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