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Jeff Krause purchased 1 , 0 0 0 shares of a speculative stock in January for $ 1 . 8 5 per share. Six months

Jeff Krause purchased

1, 000

shares of a speculative stock in January for $

1.85

per share. Six months later, he sold them for $

10.22

per share. He uses an online broker that charges him $

10.00

per trade. What was Jeff's annualized HPR on this investment?

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