How much total capital gain or loss will sally have on her

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Reference no: EM131966051

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 $8 per share per year for the last 19 years.

Management expects to continue to pay at that amount for the foreseeable future. Sally Talbot purchased 100 shares of Kelsey class A common 10 years ago at a time when the required rate of return for the stock was 16%.

She wants to sell her shares today. The current required rate of return for the stock is 19%. 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.)

The value of the stock if Sally sells her shares today is_________ Per Share) (Round to the nearest? cent.)

The total capital gain (or loss) Sally will have on her shares is ___________

Reference no: EM131966051

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