Question
Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $ 2.00 per share. Six months later on July 1, he sold
Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $ 2.00 per share.
Six months later on July 1, he sold them for $ 9.50 per share. He uses an online broker that charges him $ 10.00 per trade.
What was Jeff's annualized HPR on this investment?
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
