In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original
Question:
In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original price for that issue was 12 cents. By March 2018, 55 years later, the value of this comic book had risen to $6,200. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2018 (55 years later)?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
The rate of return on this investment was 2181 percent F...View the full answer
Answered By
Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
119+ Reviews
214+ Question Solved
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Question Posted:
Students also viewed these Business questions
-
What annual rate of interest was earned if a $15,000 investment for five months earned $546.88 in interest?
-
In September 1963, the first issue of the comic book X-MEN was issued. The original price for the issue was 12cents. By September 2013, 50 years later, the value of this comic book had risen to...
-
What annual interest rate is earned by a 33-day T-bill with a maturity value of $1,000 that sells for $996.16?
-
List the following classifications of accounts in all of the columns in which they appear on the work sheet, with the exception of the Adjustments columns. (Example: Assets) Assets ...................
-
Is the deficit order d defined in example 1.49 A partial order? A weak order? on the set X.
-
Rohit Bansal moved in 2014 from his government job at the New York Federal Reserve Bank to Wall Street mega-bank Goldman Sachs, which is regulated by the Federal Reserve. Bansal reportedly had been...
-
Presented below are summary financial data from the Johnson & Johnson 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: return on equity, return on...
-
On August 1, 2016, Bill Hudson established Heritage Realty, which completed the following transactions during the month: a. Bill Hudson transferred cash from a personal bank account to an account to...
-
You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000. a. Does this create a disbursement float or a collection float? b. What is your...
-
Match the following and select the correct option. Height of Binary search tree(in worst o([log ]-1) 1 a (2n+1) case) Height of Ternary tree b O(n) Height of B-tree(when c minimum degree, -2) (log,...
-
The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of $68,000 for 2017. Determine their standard deduction, exemption, and child tax credit amounts,...
-
Sarah Wiggum would like to make a single investment and have $2 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah...
-
Calculate a 95 percent confidence interval for 1 2. Can we be 95 percent confident that 1 2 is greater than 20? Explain why we can use the equal variances procedure here.
-
Question 6 + Leisel had the following receipts, payments and other accounting data: RECEIPTS Sales Proceeds from Business Loan (31 October 2021) which is due for repayment on 31 October 2027 Subsidy...
-
As a U.S. exporter you have just sent an invoice for 600,000 Euros payable in 60 days. The current exchange rate is $1.07 per Euro. The 60-day forward rate is $0.99 per Euro. What is the value of the...
-
Sage Hill Company purchased a delivery truck (vehicles) on June 1 for $38,520, paying $18,600 cash and signing a 5%, two-month note for the remaining balance, interest to be paid at maturity. The...
-
Consider a 10 year bond with face value $1000. Pays 6% coupon semi annual and has a yeild to maruryity of 7%. How much would the approximate percentagechange in the price of bond if interest rate in...
-
Question: The following activities occur at Greenwich Corporation, a company that contracts out a temporary workforce to retailers to meet seasonal demand:Required:Classify each of the activities...
-
What was the Sec. 7520 rate for May, June, and July 2016?
-
You purchase a bond with a coupon rate of 6.7 percent, a par value $1,000, and a clean price of $905. Assume a par value of $1,000. If the next semiannual coupon payment is due in two months, what is...
-
At present, 10- year Treasury bonds are yielding 4% while a 10- year corporate bond is yielding 6.8%. If the liquidity- risk premium on the corporate bond is 0.4%, what is the corporate bonds...
-
At present, 10- year Treasury bonds are yielding 4% while a 10- year corporate bond is yielding 6.8%. If the liquidity- risk premium on the corporate bond is 0.4%, what is the corporate bonds...
-
If the 10- year Treasury bond rate is 4.9%, the inflation premium is 2.1%, and the maturity- risk premium on 10- year Treasury bonds is 0.3%, assuming that there is no liquidity- risk premium on...
-
An investment promises to pay you $8,000 per year forever with the first payment today. If alternative investments of similar risk earn 8.04% per year, determine the maximum you would be willing to...
-
does credit terms included in a cost of purchased equipment
-
In a bank reconciliation, NSF checks are recorded by the __________, but not yet by the __________
Study smarter with the SolutionInn App