Question
Holding period and annual(investment) returns Part A : Baker BaseballCards, Inc. originally purchased the rookie card ofHammerin' Hank Aaron for $33.00. After holding the card
Holding period and annual(investment) returns
Part A :
Baker BaseballCards, Inc. originally purchased the rookie card ofHammerin' Hank Aaron for $33.00. After holding the card for 4 years, Baker Baseball Cards auctioned the card for $198.00. What are the holding period return and the simple annual return on thisinvestment?
Part B :
Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible 6 years ago for $9,500.00. Today atauction, the car sold for $95,000.00. What are the holding period return and the annual return on thisinvestment?
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