3. kelsey drums, inc., is a well-established supplier of fine percussion instruments to orchestras all over the line
states. thecompany's class a common stock has paid a dividend of rs.5.00 per share per yearfor the last 15
years. management expects to continue to pay at that amount forthe foreseeable future. the current required se
of return for the stock is12%. how much you are willing to buy for the stock today? if the stock is selling
105 each in the market, will you sale the stock?