- Calculate the holding-period dollar gain for the shares you sold, assuming no dividend was distributed

- Calculate the holding-period rate of return.

(Holding-period dollar gain and return) Suppose you purchased 16 shares of Diamond Company stock for $23.16 per share on May 1, 2016. On September 1 of the same year, you sold 16 shares of the stock for $20.30. Calculate the holding-period dollar gain for the shares you sold, assuming no dividend was distributed, and the holding-period rate of return