(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
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
Problem 1PS
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Mf6.
Please give only typed answer.
![(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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7bad4513-0226-4a9f-8fdf-f7ef797c4f4b%2F369c15a8-011e-41be-9ec7-912df1dbc817%2F4ny327u_processed.jpeg&w=3840&q=75)
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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