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rroDiem 5 - 1 5 CaIculat ng Kates or Keturn [ LUS ] A coin sold at auction in 2 0 1 9 for $

rroDiem 5-15 CaIculatng Kates or Keturn [LUS]
A coin sold at auction in 2019 for $6,788,000. The coin had a face value of $5 when it was issued in 1790 and had been previously sold for $280,000 in 1967.
a. At what annual rate did the coin appreciate from its first minting to the 1967 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
b. What annual rate did the 1967 buyer earn on his purchase? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
c. At what annual rate did the coin appreciate from its first minting to the 2019 sale?
(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
\table[[a. Rate of return from 1790 to 1967,9.14 X,%
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