Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003. Whitney's sold the Fudge de la Creme bronze sculpture at auction for a price of $10,311,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $13,377,500. What was his annual rate of return on this sculpture? (A negative answer should be indicated by a minus sign) Multiple Choice -6 30% o 4789 o 2.89% 446