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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 $9 per share per year for the last 20 years. Management expects to continue to pay at that amount for the foreseeable future. Sally Talbot purchased 300 shares of Kelsey class A common 5  years ago at a time when the required rate of return for the stock was 13%. She wants to sell her shares today. The current required rate of return for the stock is 9%

a) The value of the stock if Sally sells her shares today is ? Round to neares cent

b) The total capital gain? (or loss) Sally will have on her shares is ? Round to nearest cent and enter negative sign if needed.

Financial Management, Finance

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