Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

On January 1, you bought an NFT of a Bored Ape with rare qualities for $450,000. On March 2, you sold the NFT for $750,000.

On January 1, you bought an NFT of a Bored Ape with rare qualities for $450,000. On March 2, you sold the NFT  for $750,000. Given 60 days, what was the compound daily rate of return on your investment?

Step by Step Solution

3.47 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the compound daily rate of return on your NFT invest... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students explore these related Finance questions