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(Holding-period dollar gain and return) Suppose you purchased 19 shares of Disney stock for $20.06 per share on May 1, 2012. On September 1 of the same year, you sold 19 shares of the stock for $18.07. 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.)

(Holding-period dollar gain and return) Suppose you purchased 19 shares of Disney stock for $20.06 per share on May 1, 2012. On September 1 of the same year, you sold 19 shares of the stock for $18.07. 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.)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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(Holding-period dollar gain and return) Suppose you purchased 19 shares of Disney stock for $20.06 per share on May 1, 2012. On September 1 of the same year, you sold 19 shares of the stock for $18.07 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.) 2 b. The holding-period rate of return is% (Round to two decimal places.)
Transcribed Image Text:(Holding-period dollar gain and return) Suppose you purchased 19 shares of Disney stock for $20.06 per share on May 1, 2012. On September 1 of the same year, you sold 19 shares of the stock for $18.07 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.) 2 b. The holding-period rate of return is% (Round to two decimal places.)
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