Kathy myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is earning. for example, three years ago she paid $13,000 for 200 shares of malti company? s common stock. she received a $420 cash dividend on the stock at the end of each year for three years. at the end of three years, she sold the stock for $16,000. kathy would like to earn a return of at least 14% on all of her investments. she is not sure whether the malti company stock provided a 14% return and would like some with the necessary computations. (ignore income taxes.)
a. determine the net present value. (any cash outflows should be indicated by a minus sign. round discount factor(s) to 3 decimal places and final answers to the nearest whole dollar.)
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