4

(Holding-period dollar gain and return) Suppose you purchased 16 shares of Disney stock for $24.22 per share on May 1, 2012. On September 1 of the same year, you sold 12 shares of the stock for $25.68. Calculate the holding-period dollar gain for the shares you sold, assuming no dividend was distributed, and the holding-period rate of return. G. a. The holding-period dollar gain for the shares you sold is $0.Enter a negative number if it is a loss. (Round to the nearest cent.) b. The holding-period rate of return is %. (Round to two decimal places.)