Reference no: EM131350644
A coin that was featured in a famous novel sold at auction in 2014 for $1,252,000. The coin had a face value of $5 when it was issued in 1792 and had previously been sold for $165,000 in 1979.
At what annual rate did the coin appreciate from its first minting to the 1979 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 1979 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 %
Expert AnsweA coin that was featured in a famous novel sold at auction in 2014 for $1,252,000. The coin had a face value of $5 when it was issued in 1792 and had previously been sold for $165,000 in 1979.
At what annual rate did the coin appreciate from its first minting to the 1979 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 1979 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 %
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