Find what annual rate did the buyer earn on purchase

Assignment Help Finance Basics

Reference no: EM131956252

Question: A coin that was featured in a famous novel sold at auction in 2014 for $6,581,000. The coin had a face value of $10 when it was issued in 1791 and had previously been sold for $235,000 in 1968

What annual rate did the 1968 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.)

Reference no: EM131956252

Questions Cloud

Calculate cobalt net operating profits after taxes : Cobalt Industries had sales of 158 comma 500 158,500 units at a price of $ 9.68 $9.68 per unit. It faced fixed operating costs of $ 245 comma 000 $245,000.

What is the minimum number of cans : What is the minimum number of cans that the company has to sell annually to justify self-production of cans? (Hint: start by guessing that annual production).

What is the entropy changes : What is the entropy changes, delta S (in units of J/K) when Argon gas (Ar), at 1.00 atm in a 0.5 L container is allowed to expand to 1 L

Impactful topic of managing growth : Discuss and reflect 2 the interesting and impactful topic of managing growth and what are comment on lessons of good and bad growth

Find what annual rate did the buyer earn on purchase : A coin that was featured in a famous novel sold at auction in 2014 for $6,581,000. The coin had a face value of $10 when it was issued in 1791.

What is the expected capacity variance : Patton Corp. uses a standard cost system to account for the costs of its one products. What is the expected (planned) capacity variance?

What is the molarity of fluoride in the original : After the addition of 0.1001 M fluoride the potential drops to 35.7 mV. What is the molarity of fluoride in the original, undiluted, unknown?

Find what is the minimum price stacy should accept : On the basis of the current value of the business, what is the minimum price Stacy should accept?

We can cause a shift toward reactants : Which of the following is incorrect with regard to the reaction below? A(g) ? B (g) ?H

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages