Suppose you purchased 16 shares of Diamond Company stock for $24.22 per share on May 1, 2016.

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Suppose you purchased 16 shares of Diamond Company stock for $24.22 per share on May 1, 2016. On September 1 of the same year, you sold 12 shares of the stock for $25.68 per share. Calculate the holding period dollar gain for the shares you sold, assuming no dividend was distributed, and calculate the holding-period rate of return.

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Foundations Of Finance

ISBN: 9780135160619

10th Edition

Authors: Arthur J. Keown, John H. Martin, J. William Petty

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