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Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2 0 2 1 , an auction house
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During an auction house sold a painting at auction for a price of $ Unfortunately for the previous owner, he had purchased it three years earlier at a price of $ What was his annual rate of return on this painting? A negative value should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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