Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.03 per...
70.2K
Verified Solution
Link Copied!
Question
Finance
Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.03 per share. Six months later on July 1, he sold them for $9.82 per share. He uses an online broker that charges him $10.00 per trade. What was Jeffs annualized HPR on this investment? Jeff's annualized HPR on this investment is L% (Round to the nearest whole percent)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
