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In May 1966, your father purchased a Pete Rose rookie editionbaseball card for $0.60. As is the tradition with baseball cards,your father also received a

In May 1966, your father purchased a Pete Rose rookie editionbaseball card for $0.60. As is the tradition with baseball cards,your father also received a small, thin piece of gum that quicklylost its flavor. Although the gum is still affixed to theunderneath side of a pew in the back of your local church, yourfather still has the baseball card and it is in mint condition. Atpresent, the card is a collector’s item that would fetch $6900 ifsold. If your father were to sell this card now, in May 2019, whatwould be the annualized percentage return on his investment?

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