Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2016, a sculpture was sold at auction for a price of $10,317,500. Unfortunately for the previous owner, he had purchased it in 2012 at a price of $12,374,500. What was his annual rate of return on this sculpture? 8.33 oints eBook Print | References o o o c Multiple Choice 4.65% 8.33 points eBook -5.02% Print References -4.44% -3.78% -4.00%