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In February 1 9 6 6 , your father purchased a Pete Rose rookie edition baseball card for $ 0 . 6 0 . As
In February your father purchased a Pete Rose rookie edition baseball card for $ As is the tradition with baseball cards, your father also received a small, thin piece of gum that quickly lost its flavor. Although the gum is still affixed to the underneath side of a pew in the back of your local church, your father still has the baseball card and it is in mint condition. At present, the card is a collectors item that would fetch $ if sold. If your father were to sell this card now, in February years what would be the annualized percentage return on his investment?
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