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Suppose you purchased 15 shares of Diamond Company stock for $24.85 per share on May 1, 2016. On September 1 of the same year, you
Suppose you purchased 15 shares of Diamond Company stock for $24.85 per share on May 1, 2016. On September 1 of the same year, you sold 13 shares of the stock for $23.20. 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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