In February 1966, your father purchased a Pete Rose rookie edition baseball card for $0.60. As is…
In February 1966, your father purchased a Pete Rose rookie edition baseball card for $0.60. 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 collector’s item that would fetch $6900 if sold. If your father were to sell this card now, in February 2020, what would be the annualized percentage return on his investment?Mar 26 2022 06:09 PM
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