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In 1964, a Ferrari 250 GT/L Berlinetta Lusso sold for $13.375. In 2010, the car was sold for $300,000 to a collector. Currently (in
In 1964, a Ferrari 250 GT/L Berlinetta Lusso sold for $13.375. In 2010, the car was sold for $300,000 to a collector. Currently (in 2020) the car sells for $2,900,000. Assuming annual compounding, what rate did this investment return from 1964 to 2010, from 2010 to 2020, and from 1964 to 2020? O 6.69%, 12.93 10.08% O 8.04%, 12.93%, 18.37% O 7.00%, 12.93%, 19.44% O 7.00%, 25.47%, 10.08% O 8.04, 25.47%, 11.81%
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
978-0132992473, 132992477, 978-0133097894
