Question
1) Assume that in 2015, the first edition of a comic book was sold at auction for $985,000. The comic book was originally sold in
1) Assume that in 2015, the first edition of a comic book was sold at auction for $985,000. The comic book was originally sold in 1944 for $.05. For this to have been true, what was the annual increase in the value of the comic book? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual increase:
2) Assume that in 2014, an 1873 $20 double eagle sold for $17,400. What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Rate of return %
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