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.)
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
