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 $2.16 per share. Six months later, he sold them for $9.35 per share.

Jeff Krause purchased 1,000 shares of a speculative stock in January for $2.16 per share. Six months later, he sold them for $9.35 per share. He uses an online broker that charges him $10.00 per trade. What was Jeff's annualized HPR on this investment?

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

Step: 3

blur-text-image

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

The Ascendancy Of Finance

Authors: Joseph Vogl, Simon Garnett

1st Edition

1509509305, 978-1509509300

More Books

Students also viewed these Finance questions

Question

Include media such as video and audio.

Answered: 1 week ago

Question

Which of these seems to be a good idea?

Answered: 1 week ago

Question

How can you be sure that it meets the criteria?

Answered: 1 week ago

Question

What would the person you most admire do?

Answered: 1 week ago