Question: ( Holding - period dollar gain and return ) Suppose you purchased 1 4 shares of Diamond Company stock for $ 2 7 . 6

(Holding-period dollar gain and return) Suppose you purchased 14 shares of Diamond Company stock for $27.63 per share on May 1,2016. On September 1 of the same year, you sold 12 shares of the stock for $29.76 Calculate the holding-period dollar gain for the shares you sold, assuming no dividend was distributed, and the holding-period rate of return.
A. The holding-period dollar gain for the shares you sold is $.....
Enter a negative number if it is a loss
.(Round to the nearest cent.)
B. The holding period rate of a return is ....%
( Round to two decimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!