1 answer

(Round to the nearest cent) Common stock value—Zero growth Personal Finance Problem Kelsey Drums, Inc., is...

Question:

Common stock value—Zero growth Personal Finance Problem Kelsey Drums, Inc., is a well-established supplier of fine percussion(Round to the nearest cent)

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 $4.06 per share per year for the last 15 years. Management expects to continue to pay at that amount for the foreseeable future. Kim Arnold purchased 200 shares of Kelsey class A common 10 years ago at a time when the required rate of return for the stock was 8.1%. She wants to sell her shares today. The current required rate of return for the stock is 4.10%. How much total capital gain or loss will Kim have on her shares?

Answers

Answer: Given data. Perpetual constant Dividend = $4.06 Requuded Required Retuon 10 years ago = 8.ly. Return custent = 4.10%

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