What rate of return did they receive on investment

Reference no: EM132156781

Question: In 1995 an anonymous private collector purchased a painting by Picasso entitled Angel Fernandez de Soto for $29,152,000. The picture depicts Picasso's friend de Soto seated in a Barcelona cafe drinking absinthe. The painting was done in 1903 and was valued then at $600. If the painting was owned by the same family until its sale in 1995, what rate of return did they receive on the $600 investment?

Reference no: EM132156781

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