$($Holding$-$period dollar gain and return$)$ Suppose you purchased $11$ shares of Diamond Company stock for $$$$28\mathrm{.}97$ per share on May$1,2016.$ On September $1$ of the same$$ year, you sold $11$ shares of the stock for $$$$30\mathrm{.}52.$ Calculate the$$ holding$-$period dollar gain for the shares you$$ sold, assuming no dividend was$$ distributed, and the$$ holding$-$period rate of return.

Question content area bottom

Part $1$

a$.$ The$$ holding$-$period dollar gain for the shares you sold is $$$

$$

enter your response here. Enter a negative number if it is a loss.$($Round to the nearest$$ cent.$)$