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pls help due tn Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an
pls help due tn
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an auction house sold a statute at auction for a price of $10,332,500. Unfortunately for the previous owner, he had purchased it in 2008 at a price of $12,585,000. What was his annual rate of return on this sculpture? (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., 3216.) Answer is complete but not entirely correct. Rate of return 0.35 Step by Step Solution
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