FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jeff Krause purchased 1,000 shares of a speculative stock in January for $1.93 per share. Six months later, he sold them for $9.89 per share.

image text in transcribed

Jeff Krause purchased 1,000 shares of a speculative stock in January for $1.93 per share. Six months later, he sold them for $9.89 per share. He uses an online broker that charges him $10.00 per trade. What was Jeff's annualized HPR on this investment? Jeff's annualized HPR on this investment is \%. (Round to the nearest whole percent.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Investments Valuation and Management

Fundamentals of Investments Valuation and Management

Authors: Bradford D. Jordan, Thomas W. Miller

5th edition

978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292

More Books

Students also viewed these Finance questions

Question

★★★★★
If S1 and S2 are subspaces of linear space X, then their intersection S1 S2 is also a subspace of X.

Answered: 1 week ago

Question

★★★★★
You are using Python to preprocess the data for your neural network. Which line of code correctly scales the dataset named data using standard scaling? scaled _ data = ( data - np . mean ( data ) ) /...

Answered: 1 week ago

Question

★★★★★
=+c. If a Scottish worker could produce only 1 sweater per hour, would Scotland still gain from trade? Would England still gain from trade? Explain.

Answered: 1 week ago

Question

★★★★★
Company G also sells fat quarters. The mean and standard deviation of the number of defects on a fat quarter that can be sold by Company G are 0.40 and 0.66, respectively. The fat quarters sell for...

Answered: 1 week ago

Question

★★★★★
Jeff Krause purchased 1,000 shares of a speculative stock in January for $1.93 per share. Six months later, he sold them for $9.89 per share. He uses an online broker that charges him $10.00 per...

Answered: 1 week ago

Question

★★★★★
Which of the following is a purpose of the Railway Labor Act? Group of answer choices Requiring financial disclosures from unions and employees Prohibiting secondary boycotts Eliminating any...

Answered: 1 week ago

Question

★★★★★
The rstrip method not only removes newline characters from the end of a string, but removes all ending spaces and escape sequences. When the int, float, or eval function is applied to a string, it...

Answered: 1 week ago

Question

★★★★★
Kingbird, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $1261000 are sold for $901000. Operating income from...

Answered: 1 week ago

Question

★★★★★
Question 6 You are traveling from point A to B on the following route: From A, move 12 km to the East, and 15 km to the West, (here is point B). If this takes 45 min, find the average velocity based...

Answered: 1 week ago

Question

★★★★★
Discuss the cryptography behind blockchain please make it simple and broad in more detail.

Answered: 1 week ago

Question

★★★★★
Give an example of how public policy has reinforced racial privilege/disadvantage within the United States.What are the lasting effects of such programs?Do these issues still exist today?

Answered: 1 week ago

Question

★★★★★
LO7.5 Give examples of several real-world phenomena that can be explained by applying the theory of consumer behavior.

Answered: 1 week ago

Question

★★★★★
5. Tammy spends her money on lemonade and iced tea. If the price of lemonade falls, it is as though her income . LO7.4 a. Increases. b. Decreases. c. Stays the same.

Answered: 1 week ago

Question

★★★★★
3. Demand curves slope downward because, other things held equal, LO7.3 a. An increase in a products price lowers MU. b. A decrease in a products price lowers MU. c. A decrease in a products price...

Answered: 1 week ago

Previous Question Next Question