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Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.16 per share. Six months later on July 1. he sold them

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Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.16 per share. Six months later on July 1. he sold them for $9.43 per share. He uses an online broker that charges him $10.00 per trade. What was Jeff's annualized HPR on this investment? Jeffs annualized HPR on this investment is 3%. (Round to the nearest whole percent.)

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