Annual rate of return did the gallery earn on this painting

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Reference no: EM131998321

1. The Corner Art Gallery purchased a painting for $68,000 two years ago. Today, the painting was resold for $179,900. What annual rate of return did the gallery earn on this painting?

2. A bond from Six Flags has a $1,000 face value, a market price of $980, and pays coupon payments of $35 every six months. What is the coupon rate?

3. Your currrent annual salary is 97,400. Your first job paid 22,500. How many years have you been employed if your average annual salary increase has been 4.2 percent?

Reference no: EM131998321

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