What was his annual rate of return on sculpture

Assignment Help Financial Management

Reference no: EM131952938

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction house sold a sculpture at auction for a price of $10,211,500. Unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. What was his annual rate of return on this sculpture?

Reference no: EM131952938

Questions Cloud

Discuss the management of accounts receivable collections : Discuss the management of accounts receivable collections, cash disbursements and cash float?

Calculate duration of this bond : Calculate the Duration of this bond.

What portion of annual return represents capital gains : What portion of the annual return represents capital gains and what portion represents the current yield?

True about time value of money : Which of the following is true about time value of money?

What was his annual rate of return on sculpture : What was his annual rate of return on this sculpture?

What is the rate of return on your investment : What is the rate of return on your investment? What is your rate of return if the stock sells for $10.50 per share?

Degree of operating leverage at last year sales level : Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year’s sales level.

How much must be raised through common stock : How much must be raised through common stock to maintain Jersey Corporation's capital structure?

What are annual nominal and effective interest rates : What are the annual nominal and effective interest rates your bank charges if you know that the bank applies a daily compounding?

User Account

All Pages