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Jeff Krause purchased 1 , 0 0 0 shares of a speculative stock on January 2 for $ 2 per share. Six months later on

Jeff Krause purchased

1, 000

shares of a speculative stock on January

2

for $

2

per share. Six months later on July

1,

he sold them for $

9.50

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

10

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

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