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( Holding - period dollar gain and return ) Suppose you purchased 1 6 shares of Diamond Company stock for $ 2 4 . 2

(Holding-period dollar gain and return) Suppose you purchased 16 shares of Diamond Company stock for $24.22 per share on May 1,2016. 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.
a. The holding-period dollar gain for the shares you sold is $. 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.)
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