Sonya and Josh own several pieces of expensive jewelry. The following table summarizes their most important gem assets:
Market Value Rate of Return
Diamond 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
Use this information to calculate the holding-period return.