Jeff Krause purchased 1,000 shares of a speculative stock in January for $2.09 per share. Six months later, he sold hem for $9.62 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.)
Jeff Krause purchased 1,000 shares of a speculative stock in January for $2.09 per share. Six months later, he sold hem for $9.62 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.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![Jeff Krause purchased 1,000 shares of a speculative stock in January for $2.09 per share. Six months later, he sold
them for $9.62 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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba78d3aa-d292-4f2c-9eb0-0e0844e8193a%2F3b3e5c8f-b069-43de-b52c-468aa69ac250%2Fc39kszv_processed.png&w=3840&q=75)
Transcribed Image Text:Jeff Krause purchased 1,000 shares of a speculative stock in January for $2.09 per share. Six months later, he sold
them for $9.62 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.)
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