What annual rate did the buyer earn on the purchase

Reference no: EM131956236

Question: A coin that was featured in a famous novel sold at auction in 2014 for $4,573,500. The coin had a face value of $2 when it was issued in 1789 and had previously been sold for $285,000 in 1968.

At what annual rate did the coin appreciate from its first minting to the 1968 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 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.)

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: EM131956236

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