Business, 25.10.2019 21:43 adorsey846

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 $2.80 per share per year for the last 12 years. management expects to continue to pay at that amount for the foreseeable future. kim arnold purchased 200 shares of kelsey class a common stock 10 years ago at a time when the required return for the stock was 7.6%. she wants to sell her shares today. the current required rate of return for the stock is 9.25%. how much capital gain or loss will kim have on her shares?

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