Question
Sonya and Josh own several pieces of expensive jewelry. The following table summerizes their most important gem assets: Market Value Rate of return Dimond Ring
Sonya and Josh own several pieces of expensive jewelry. The following table summerizes their most important gem assets:
| Market Value | Rate of return | |
| Dimond Ring | $ 12,000.00 | $ 7,250.00 |
| Sapphire Necklace | $ 23,000.00 | $ 18,875.00 |
| Emerald Pendant | $ 19,500.00 | $ 19,000.00 |
| Ruby Brooch | $ 21,200.00 | $ 23,000.00 |
| Total | $ 75,700.00 | $ 68,125.00 |
This is the only information given. Use this information to calculate the holding-period return.
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Financial And Managerial Accounting Working Papers Volume I
Authors: Belverd E. Needles
7th Edition
061839365X, 978-0618393657
