14. Calculating Present Values (LO2) The first comic book featuring Supermar was sold in 1938. In 2014, this comic book was sold for $3.2 million on eBay This represented a return of 25.53% per year. For this to be true, what must the comic book have sold for when new?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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from book Fundamentals of corporate finance ( 11th Canadian Edition) Chapter 5 Q.14

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14. Calculating Present Values (LO2) The first comic book featuring Superman
was sold in 1938. In 2014, this comic book was sold for $3.2 million on eBay.
This represented a return of 25.53% per year. For this to be true, what must the
comic book have sold for when new?
Transcribed Image Text:14. Calculating Present Values (LO2) The first comic book featuring Superman was sold in 1938. In 2014, this comic book was sold for $3.2 million on eBay. This represented a return of 25.53% per year. For this to be true, what must the comic book have sold for when new?
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