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Homer purchased a sculpture, the Gummy De Milo, at auction in 2011for a price of $13,200,000. Homer sold the statue in 2015years laterfor $11,200,000. What

Homer purchased a sculpture, the Gummy De Milo, at auction in 2011for a price of $13,200,000. Homer sold the statue in 2015years laterfor $11,200,000. What was the annual rate of return on this investment?

A) 4.02%

B) -4.55%

C) 4.19%

D) -3.62%

E) -4.02%

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