Yes, any problem a book can cause will be fixed by a factory reset. Trying the same book might cause the same problem, but, other should be OK.
It's most likely a hardware issue. It's worthwhile opening it and reseating the cables and the internal SD card. And if that doesn't fix it, you can replace the card an restore an image to it. If that doesn't fix it, there isn't anything else you can do.
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