Question
Jeff purchased 1,000 shares of a speculative stock on January 2 for $1.99 per share. Six months later on July 1, he sold them for
Jeff purchased 1,000 shares of a speculative stock on January 2 for $1.99 per share. Six months later on July 1, he sold them for $10.09 per share. He uses an online broker that charges him $10.00 per trade. What was Jeff's annualized HPR on this investment?
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College Physics
Authors: Jerry D. Wilson, Anthony J. Buffa, Bo Lou
7th edition
9780321571113, 321601831, 978-0321601834
