At what annual rate did the coin appreciate

Reference no: EM131956216

Question: A coin that was featured in a famous novel sold at auction in 2014 for $5,904,000. The coin had a face value of $20 when it was issued in 1795 and had previously been sold for $135,000 in 1976.

At what annual rate did the coin appreciate from its first minting to the 1976 sale? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Rate of return %

What annual rate did the 1976 buyer earn on his purchase? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Rate of return %

At what annual rate did the coin appreciate from its first minting to the 2014 sale? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Rate of return %

Reference no: EM131956216

Questions Cloud

What annual rate did the buyer earn on purchase : A coin that was featured in a famous novel sold at auction in 2014 for $2,860,000. The coin had a face value of $5 when it was issued in 1787.

Should the firm purchase the new machine : Coiner Clothes is contemplating the replacement of one of its knitting machines with a newer, and more efficient one. The old machine has a book value.

What are the consequences of pauls actions : Paul has an account at St. Jerome Bank. He does not track his checking account balance in a checkbook register. What are the consequences of his actions?

Us military tests of a powerful form of sonar : It has been suggested that the US military tests of a powerful form of sonar (SURTASS-LFA) were responsible for the deahts of quite a few whales some years ago.

At what annual rate did the coin appreciate : At what annual rate did the coin appreciate from its first minting to the 1976 sale? (Do not round intermediate calculations).

Discuss the advantage of having diverse accounting standards : Discuss the advantages and disadvantages of having diverse accounting standards that are the product of each country's national environment.

Producing a sonic boom : Find the ratio of the energy that went into sound to the kinetic energy given to the bullet. Ignore that the bullet broke the sound barrier

What kind of employee feedback would be most helpful : What do you think is the best way to break the news that some perks will have to be cut without causing undue alarm among your employees?

What is the journal entry to record the transaction : The coffee Enterprises issued $3,000,000 par value 15% bonds at 99. There are two detachable stock purchase warrants issued with each $10 par value bond.

User Account

All Pages