A coin sold at auction in 2017 for $2,777,000. The coin had a face value of $1 when it was issued in 1790 and had previously been sold for $115,000 in 1977. points X 01:38:35 b. At what annual rate did the coin appreciate from its first minting to the 1977 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What annual rate did the 1977 buyer earn on his purchase? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) At what annual rate did the coin appreciate from its first minting to the 2017 sale? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Skipped eBook Print References Rate of return from 1790 to 1977 Rate of return from 1977 to 2017 Rate of return from 1790 to 2017 16 Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 18 years. Assume you purchase a bond that costs $50. points (8 01:38:20 Skipped a. What is the exact rate of return you would earn if you held the bond for 18 years until it doubled in value? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If you purchased the bond for $50 in 2017 at the then current interest rate of 12 percent year, how much would the bond be worth in 2026? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. In 2026, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2035. What annual rate of return will you earn over the last 9 years? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) SITES eBook Print References a. Rate of return b. Value of bond c. Rate of return