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( Holding - period dollar gain and return ) Suppose you purchased 1 6 shares of Diamond Company stock for $ 2 4 . 2
Holdingperiod dollar gain and return Suppose you purchased shares of Diamond Company stock for $ per share on May On September of the same year, you sold shares of the stock for $ Calculate the holdingperiod dollar gain for the shares you sold, assuming no dividend was distributed, and the holdingperiod rate of return.
a The holdingperiod dollar gain for the shares you sold is $ Enter a negative number if it is a loss. Round to the nearest cent.
b The holdingperiod rate of return is Round to two decimal places.
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