(Solving for i) (Related to Checkpoint 5.6 on page 176) In September 1963, the first issue of...

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(Solving for i) (Related to Checkpoint 5.6 on page 176) In September 1963, the first issue of the comic book The X-Men was issued. The original price for the issue was 12 cents. By September 2016, 53 years later, given the condition it’s in, the value of this comic book had risen to $14,500. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2016?

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Financial Management Principles And Applications

ISBN: 9781292222189

13th Global Edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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