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Athough appealing to more refined tastes, art as a collectible has not always performed so proftably. Assume that in 2 0 1 5 , an
Athough appealing to more refined tastes, art as a collectible has not always performed so proftably. Assume that in an auction house sold a statute at auction for a price of $ Unfortunately for the previous owner, he had purchased i in at a price c $ What was his annual rate of retur on this sculpture?Note: A negative answer should be indicated by a minus sign. Do not round intermediate
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