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A coin sold at auction in 2017 for $2.429,000. The coin had a face value of $20 when it was Issued In 1789 and had
A coin sold at auction in 2017 for $2.429,000. The coin had a face value of $20 when it was Issued In 1789 and had previously been sold for $275,000 In 1976. a. At what annual rate did the coln appreclate from lts first minting to the 1976 sale? b. What annual rate did the 1976 buyer earn on his purchase? (Do not round Do not round Intermedilate calculetions and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Intermediate calculations and enter your answer as a percent rounded to 2 decimal pleces, e.g., 32.16.) c. At what annual rate did the coin appreclate from its first minting to the 2017 sale? Do not round Intermedlete calculatlons and enter your answer as e percent rounded to 2 decimal places, e.g., 32.16.) a. Rate of return from 1789 to 1976 b. Rate of return from 1976 to 2017 c. Rate of return from 1789 to 2017 96 96 96
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