Question
Problem 1 (See page 262) Samuel Smith invested in gold U.S. coins ten years ago, paying $316.53 for one-ounce gold double eagle coins. He could
Problem 1 (See page 262)
Samuel Smith invested in gold U.S. coins ten years ago, paying $316.53 for one-ounce gold "double eagle" coins. He could sell these coins for $935.03 today. What was his annual rate of return for this investment? (PLEASE SHOW YOUR WORK).
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
