What was the annual increase in the value of the comic book

Assignment Help Financial Management

Reference no: EM13872703

In 2012, an Action Comics No. 1, featuring the first appearance of Superman, was sold at auction for $1,210,000. The comic book was originally sold in 1938 for $.05.

Required:

For this to have been true, what was the annual increase in the value of the comic book? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Reference no: EM13872703

Questions Cloud

Pension fund pay for calgary parking authority business : How much would a pension fund pay for the Calgary parking authority business that earns a perpetual 40mm that grows with inflation? Ignore taxes and use 5% discount rate

Offered an investment plan : You have $18,750 you want to invest for the next 30 years. You are offered an investment plan that will pay you 9 percent per year for the next 15 years and 13 percent per year for the last 15 years. How much will you have at the end of the 30 years?..

Contrast the effects of lifo versus fifo on ending inventory : Contrast the effects of LIFO versus FIFO on ending inventory when (a) costs are rising and (b) costs are falling.

How much will your investment be worth : You have $7,700 to deposit. Regency Bank offers 9 percent per year compounded monthly (.75 percent per month), while King Bank offers 9 percent but will only compound annually. How much will your investment be worth in 20 years at each bank?

What was the annual increase in the value of the comic book : In 2012, an Action Comics No. 1, featuring the first appearance of Superman, was sold at auction for $1,210,000. The comic book was originally sold in 1938 for $.05. For this to have been true, what was the annual increase in the value of the comic b..

Prepare a preclosing trial balance : Prepare a preclosing trial balance Prepare the following month end statements: balance sheet, statement of net costs, statement of changes in net position, and statement of budgetary resources

The cost incurred is directly related to production : Expenses can be categorized by whether the cost incurred is directly related to production or not. Which of the following is correct? If directly related, it will not change with the production level, thus called Fixed Cost. If directly related, it w..

Inventory costing method should mimic actual product flows : Where possible, the inventory costing method should mimic actual product flows. Do you agree? Explain.

Whats collective behavior : Whats collective behavior ?Explain why we should study ?Mob justice is a type of collective behavior,what is it and who are the targets?

User Account

All Pages