snoodledoodlebop

25.03.2020 • 

Mathematics

Comparison of returns. Baker Baseball Cards, Inc. originally purchased the rookie card of Hammerin' Hank Aaron for $31.00. After holding the card for 5 years,
Baker Baseball Cards auctioned the card for $155.00. Another company, Bohenick Classic Automobiles, restores and rebuilds old classic cars. This company
purchased and restored a classic 1957 Thunderbird convertible 4 years ago for $9,300.00. Today at auction, the car sold for $55,800.00
a. What are the holding period returns of these investments?
b. What are the simple annual returns on these investments?
C. What are the effective annual returns on these investments?
d. Which investment had the higher holding period return? Which had the higher simple annual return? Which investment had the higher effective annual return?
a. What is the holding period return (HPR) of the baseball card?
% (Round to two decimal places.)
What is the holding period return (HPR) of the car?
% (Round to two decimal places.)
b. What is the simple annual returns on the baseball card?
% (Round to two decimal places.)
What is the simple annual return on the car?
% (Round to two decimal places.)
c. What is the effective annual return (EAR) on the baseball card?
% (Round to two decimal places.)
What is the effective annual return (EAR) on the car?
Enter your answer in each of the answer boxes.

Ответ:

mparra4761

15.02.2020

Mathematics

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So we want to know how much does cinnamon cost per pound if we know that 3 ounces cost 2.4$ and that there is 16 ounces in a pound. So lets first find the price of one ounce of cinnamon and lets call it x. x=2.4$/3=0.8$ So one ounce costs 0.8$. Now since there are 16 ounces in a pound, 1 pound = 16x or 16*0.8$=12.8$. So the cost of cinnamon per pound is 12.8$

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