Problem 4-15 Calculating Rates of Return [LO 3] 16.66 points 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 $10,689,500. Unfortunately for the previous owner, he had purchased it in 2009 at a price of $12,719,500. 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. 32.16.) Rate of return