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 $2.98 per share per year for the last 13 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 retum for the stock was 7.4%. She wants to sell her shares today. The current required rate of return for the stock is 12.40%. 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.)