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Over the past 6 years, your $19,000 in gold coins has increased in value by 200 percent. You plan to sell these coins today. You
Over the past 6 years, your $19,000 in gold coins has increased in value by 200 percent. You plan to sell these coins today. You have paid annual storage and insurance costs of $700 per year. Assay expenses at the time of sale are expected to total $500. What is your 6-year (not annualized) holding period return on this investment? Round your answer to two decimal places.
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