Question
Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.06 per share. Six months later on July 1, he sold them
Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.06 per share. Six months later on July 1, he sold them for $9.63 per share. He uses an online broker that charges him $10 per trade. What was Jeff's annualized HPR on this investment?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakin
7th Global Edition
0273754440, 9780273754442
