mework Assignment #4 - Chapter 4 Review Question 4 (of 10) Score This Question value 3.00 points Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2015, an auction house sold a painting for a price of $1.190.000. Unfortunately for the previous owner, he had purchased it three years earlier at a price of $1.770.000 What was his annual rate of return on this painting? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Annual rate of return 9 References eBook & Resources Worksheet