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Calculate the rate of return kind of urgent, thank you so much In 1987, a Van Gogh painting Sunflowers (not reputed to be one of
Calculate the rate of return
kind of urgent, thank you so much
In 1987, a Van Gogh painting Sunflowers (not reputed to be one of his best) sold at auction, net of fees, for $36 million. In 1889, 98 years earlier, the same painting sold for $125. Calculate the rate of return to the seller on this investment. What does this suggest about the merits of fine art as an investment? Here "rate of return" means "rStep by Step Solution
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