P5-15 Calculating Rates of Return (LO3] Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, a sculpture was sold at auction for a price of $10,320,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,369,500. What was his annual rate of return on this sculpture? Multiple Choice -3.98% 0 4.63% -3.76% 0 -5.00% -4.43%