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What is the EAR on the baseball card?? Comparison of returns. Baker Baseball Cards, Inc. originally purchased the rookie card of Hammerin' Hank Aaron for
What is the EAR on the baseball card??
Comparison of returns. Baker Baseball Cards, Inc. originally purchased the rookie card of Hammerin' Hank Aaron for $24.00. After holding the card for 6 years, Baker Baseball Cards auctioned the card for $168.00. Another company, Bohenick Classic Automobiles, restores and rebuilds old classic cars. This company purchased and restored a classic 1957 Thunderbird convertible 7 years ago for $9,200.00. Today at auction, the car sold for $82,800.00 c. What is the effective annual return (EAR) on the baseball card? % (Round to two decimal places.) Step by Step Solution
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