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You bought a famous Picasso painting in 1973 for $3,500,435. You later sold the painting in 1995 for $2,275,475. Calculate a total rate of return
You bought a famous Picasso painting in 1973 for $3,500,435. You later sold the painting in 1995 for $2,275,475. Calculate a total rate of return and the annualized rate of return on this investment.
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