Suppose you purchased 20 shares of Disney stock for $22.65 per share on May 1, 2012. On September 1 of the same year, you sold 18 shares of the stock for $24.32.

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