FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.08 per share. Six months later on July 1, he sold them

image text in transcribed

Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.08 per share. Six months later on July 1, he sold them for $9.52 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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Chronic Regulatory Focus And Financial Decision Making Asset And Portfolio Allocation

Chronic Regulatory Focus And Financial Decision Making Asset And Portfolio Allocation

Authors: Navin Kumar

1st Edition

9812876936, 978-9812876935

More Books

Students also viewed these Finance questions

Question

★★★★★
A thin, taut string tied at both ends and oscillating in its third harmonic has its shape described by the equation y(x, t) = (S.60 cm) sin [(0.0340 rad/cm) x] sin [(50.0rad/s) t], where the origin...

Answered: 1 week ago

Question

★★★★★
Amazon.com described its inventory policies in the 2019 annual report as follows: Inventories Inventories, consisting of products available for sale, are primarily accounted for using the first-in,...

Answered: 1 week ago

Question

★★★★★
Can an investor simultaneously hold both long and short positions in the same security? If so, will it result in any realized gain from the accounting perspective as well as from the tax authorities...

Answered: 1 week ago

Question

★★★★★
As noted in C 3 4, Datura, Ltd., sold 15,000 sets of pottery in 2010. For the next year, 2011, Daturas strategic planning team targeted sales of 15,000 sets of pottery, reduced the selling price to...

Answered: 1 week ago

Question

★★★★★
Required information The Chapter 1 Form worksheet is to be used to create your own worksheet version of Exhibit 1:7 in the text. Download the Applying Excel form and enter formulas in all cells that...

Answered: 1 week ago

Question

★★★★★
4. Venues Company provided the financial information for the current year: ACCOUNTS Sales Cost of Sales Administrative Expenses Sales Commission Interest Revenue Freight Out Uncollectible Accounts...

Answered: 1 week ago

Question

★★★★★
John at Tim's Toys was working on a custom-made miniature car for a customer. The job, BCB101, was started in March. At the end of March, the job cost sheet for BCB101 showed direct materials of...

Answered: 1 week ago

Question

★★★★★
Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] Superior Company provided the following data for the year ended December 31 (all raw...

Answered: 1 week ago

Question

★★★★★
The (?) question is either away from or toward the lake. 12 -1 1.0 The graph above illustrates your north-south distance in miles from the edge of a lake in hours from noon (where positive values...

Answered: 1 week ago

Question

★★★★★
A print shop is considering whether it should accept a special order to print 10,000 copies of an announcement. Below are the costs associated with this order: Paper cost: 10,000 sheets at $0.02 each...

Answered: 1 week ago

Question

★★★★★
hich of the following statements is false? Multiple Choice After rising from 83 billion in 2019, total training expenditures slightly declined to $82.5 billion in 2020. Average training expenditures...

Answered: 1 week ago

Question

★★★★★
2. Indicate why Unifor might have initially been inter ested in organizing contingent workers. Unifor (Canadas largest private sector union) was offi cially formed on August 31, 2013, through a...

Answered: 1 week ago

Question

★★★★★
1. What is game theory?

Answered: 1 week ago

Question

★★★★★
3. Why do you think Unifors membership was rela tively static for the first five years? Provide at least two wellresearched reasons. Unifor (Canadas largest private sector union) was offi cially...

Answered: 1 week ago

Previous Question Next Question