Question 5.10 Lance murdock purchased a wooden statue of a Conquistador for $7,300 to put in his home office 9 years ago. Lance has recently married, and his home office is being converted into a sewing room. His new wife, who has far better taste than Lance, thinks the Conquistador is hideous and must go immediatly. Lance decided to sell is on e-bay and only received $4,600 for it, and so he took a loss on the investment. what was his rate of return?