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Please assist with the following finance question. Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $1.83 per share. Six months
Please assist with the following finance question.
Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $1.83 per share. Six months later on July 1, he sold them for $9.16 per share. He uses an online broker that charges him $10.00 per trade. What was Jeff's annualized HPR on this investment? (Round to the nearest whole percent.)
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