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Holding period and annual (investment) returns. Baker Baseball Cards, Inc. originally purchased the rookie card of Hammerin' Hank Aaron for $20.00. After holding the card

Holding period and annual (investment)

returns.

Baker Baseball Cards, Inc. originally purchased the rookie card of Hammerin' Hank Aaron for

$20.00.

After holding the card for

6

years, Baker Baseball Cards auctioned the card for

$120.00.

What are the holding period return and the simple annual return on this investment?

What is the holding period return of the baseball card?

(Round to two decimal places.)

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