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a. Round to nearest cent, enter a negative number (-) if it is a loss b. Round to two decimal places. Put answer in %
a. Round to nearest cent, enter a negative number (-) if it is a loss
b. Round to two decimal places. Put answer in %
(Holding-period dollar gain and return) Suppose you purchased 19 shares of Disney stock for $24.17 per share on May 1, 2012. On September 1 of the same year, you sold 17 shares of the stock for $25.86. 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 S.Enter a negative number if it is a loss. (Round to the nearest cent.) b. The holding-period rate of retum is %. (Round to two decimal places.)Step by Step Solution
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