Holding-period

dollar gain and

return)

Suppose you purchased

19

shares of Disney stock for

$28.78

per share on May 1, 2012. On September 1 of the same year, you sold

17

shares of the stock for

$25.55

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.)