$11)$ Although appealing to more refined tastes, art as a collectible Has not always performed so profitably. During $2016,$ a sculpture was sold at auction for a price of $$10,310,500.$ Unfortunately for the previous owner, he had purchased it in $2012$at a price of $$12,385,500.$ What was his annual rate of return on this sculpture?

Multiple Choice: $4\mathrm{.}69\%-4\mathrm{.}03\%-5\mathrm{.}06\%-3\mathrm{.}81\%-4\mathrm{.}48\%$