Question
In 2013, Picassos painting Le Rve was sold to hedge-fund manager Steven A. Cohen for $155 million. In 1941, 72 years earlier, the same painting
In 2013, Picassos painting Le Rve was sold to hedge-fund manager Steven A. Cohen for $155 million. In 1941, 72 years earlier, the same painting sold for $7,000. Calculate the rate of return on this investment. What does this suggest about the merits of fine art as an investment?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
