Question
A coin that was featured in a famous novel sold at auction in 2014 for $3,752,000. The coin had a face value of $10 when
A coin that was featured in a famous novel sold at auction in 2014 for $3,752,000. The coin had a face value of $10 when it was issued in 1793 and had previously been sold for $190,000 in 1970. |
At what annual rate did the coin appreciate from its first minting to the 1970 sale?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Rate of return | % |
What annual rate did the 1970 buyer earn on his purchase?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Rate of return | % |
At what annual rate did the coin appreciate from its first minting to the 2014 sale?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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