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Suppose your great - grandfather had purchased a violin in 1 8 8 9 for $ 1 2 5 as an investment. The family held
"Suppose your greatgrandfather had purchased a violin in for $ as an investment. The family held on the violin for years, and it was recently sold for $
What was the average annual compounded rate of return on the $ investment? Calculate the annual rate of return.
Was the violin purchase a good investment? Why?
Would your answer change if the average stock market return Dow Jones Industrial return was per year? Why?
Please say what the annual rate of return is
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