Calculating Rates of Return On 8 February 2009, John Madejski, chairman of Reading Football Club, sold the
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Calculating Rates of Return On 8 February 2009, John Madejski, chairman of Reading Football Club, sold the Edgar Degas bronze sculpture Petite Danseuse de Quartorze Ans at auction for a world record price of £13.3 million. He bought the statue in 2004 for £5 million. What was his annual rate of return on this sculpture?
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Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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