Suppose you purchased 16 shares of Disney stock for $ 24.22 per share on May 1, 2012.

Question:

Suppose you purchased 16 shares of Disney stock for $ 24.22 per share on May 1, 2012. 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 was distributed, and the holding- period rate of return.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...