Reference no: EM132767465
Problem 1: Which of the following would yield the highest return per annum on your investment?
a. 50 years ago, your parents purchased a house for $300,000. Today it is worth $1,500,000
b. 1 year ago, you purchased a share for $10.00. The price of the same share today is $11.50
c. 20 years ago, you purchased an ornament for $1,500. Today it is valued by Christie's at $12,600
d. 9 years ago, you purchased a luxury bag for $6,000. Today you can sell it on eBay for $14,000
e. 5 years ago, you purchased a vintage car for $108,000. Today it is valued at $200,000