Question
Jeff Krause purchased 1,000shares of a speculative stock on January 2 for $1.81 per share. Six months later on July1, he sold them for $
Jeff Krause purchased 1,000shares of a speculative stock on January 2 for $1.81 per share. Six months later on July1, he sold them for $ $10.46 per share. He uses an online broker that charges him $10.00per trade. What wasJeff's annualized HPR on thisinvestment?
Jeff's annualized HPR on this investment is ______%.(Round to the nearest wholepercent.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
