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Jeff Krause purchased 1 , 0 0 0 shares of a speculative stock in January for $ 1 . 9 5 per share. Six months

Jeff Krause purchased 1,000 shares of a speculative stock in January for $ 1.95per share. Six months later, he sold them for $ 9.12 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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