Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.00 per share. Six

Question:

Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.00 per share. Six months later on July 1, he sold them for $9.50 per share. He uses an online that charges him $10 per trade. What was Jeff’s annualized HPR on this investment?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...