Question
Jeff Krause purchased $1000 shares of a speculative stock on January 2 for $1.92 per share. Six months later on July 1, he sold them
Jeff Krause purchased $1000 shares of a speculative stock on January 2 for $1.92 per share. Six months later on July 1, he sold them for $8.57 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.)
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
