What will be the rate of return
Problem
Jerry inherited a baseball card from his great uncle 50 years ago. His uncle paid $1 for it at the time. Checking with a professional collector, you find the card is now worth $700. If you sell it now, what will be the rate of return?
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Checking with a professional collector, you find the card is now worth $700. If you sell it now, what will be the rate of return?
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