= Homework: Homework Set 2 Question 20, P7-6 (simila... Part 1 of 3 HW Score: 54.9%, 27.45 of 50 points Points: 0 of 2 Save 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 Unted States The company's class A common stock has paid a dividend of $4.06 per share per year for the last 14 years. Management expects to continue to pay at that amount for the foreseeable future, Kim Arnold purchased 300 shares of Kelsey class A common 8 years ago at a time when the required rate of return for the stock was 9.5% She wants to sell her share today. The current required rate of return for the stock is 12,50% 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) Help Me Solve This View an Example Get More Help Clear All Check