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?
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
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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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