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You bought an original painting at an art auction 12 years ago for $1,000. You have been offered a price of $2,400 for it today.

You bought an original painting at an art auction 12 years ago for $1,000. You have been offered a price of $2,400 for it today. If you sell for that price, what was your annual return on investment? (Round answer to 1 decimal place, e.3. 52.5.)

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