Question
Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $ 2.15 $2.15 per share. Six months later on July1, he sold
Jeff Krause purchased
1,000 shares of a speculative stock on January 2 for $ 2.15
$2.15 per share. Six months later on July1, he sold them for $ 9.26
$9.26 per share. He uses an online broker that charges him $ 10.00
$10.00 per trade. What wasJeff's annualized HPR on thisinvestment?
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
