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Assume a bronze sculpture sold in 2003 at auction for a price of $10, 306, 855. Unfortunately for the previous owner, he had purchased it
Assume a bronze sculpture sold in 2003 at auction for a price of $10, 306, 855. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,008, 274. What was his annual rate of return on this sculpture?(Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places (e.g., 32.16).)
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