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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 3 years, Baker Baseball Cards auctioned the card for $80.00. 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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