You will first need to make sure the racks in your oven are properly adjusted so that there will be enough room inside to fit a pan that is covered. Place a shallow rack inside the pan. Your oven should be preheated to 375 degrees F.
 
Take the plastic wrap off the ham and rinse it off. Put it on the rack in your pan. Place a lid over the pan and begin baking for half the time necessary to cook the ham. The total cooking time should equal 20 minutes per pound. When you reach the halfway point, place the honey and sugar into a pan and cook it over a medium flame until the sugar has dissolved. Pour the liquid over the entire ham. Bake the ham for the remaining time that is required. As you do this, baste the ham with the liquid at the bottom of the pan.
 
As you approach the time when your ham should be finished baking, use a meat thermometer periodically to see if it is done. Make sure the thermometer does not come into contact with the bone. You should also take care not to insert it into any fat. The ham should stand for at least 10 minutes prior to cutting it.
 
This ham is ideal for a potluck or large gathering, making it a perfect holiday accompaniment.