. Compute the requested value(s) for each scenario. Show all component numbers that factor into determination of the final answer(s) a. On January 1, 1963, a kid from Sioux Falls purchased a limited edition Superman comic at the original market price of 12 cents. On January 1, 1997 (34 years later), the comic was sold at auction for $2,500. What annual rate of return did this kid earn on the comic? Give typing answer with explanation and conclusion

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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1. Compute the requested value(s) for each scenario. Show all component numbers that factor into determination of the final answer(s)

a. On January 1, 1963, a kid from Sioux Falls purchased a limited edition Superman comic at the original market price of 12 cents. On January 1, 1997 (34 years later), the comic was sold at auction for $2,500. What annual rate of return did this kid earn on the comic?

Give typing answer with explanation and conclusion 

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