17. Calculating Rates of Return (LO3) The "Brasher doubloon," which was featured in the plot of the Raymond Chandler novel The High Window, was sold at auction in 2014 for $4,582,500. The coin had a face value of $15 when it was first issued in 1787 and had been previously sold for $430,000 in 1979. At what annual rate did the coin appreciate from its minting to the 1979 sale? What annual rate did the 1979 buyer earn on his purchase? At what annual rate did the coin appreciate from its minting to the 2014 sale?
17. Calculating Rates of Return (LO3) The "Brasher doubloon," which was featured in the plot of the Raymond Chandler novel The High Window, was sold at auction in 2014 for $4,582,500. The coin had a face value of $15 when it was first issued in 1787 and had been previously sold for $430,000 in 1979. At what annual rate did the coin appreciate from its minting to the 1979 sale? What annual rate did the 1979 buyer earn on his purchase? At what annual rate did the coin appreciate from its minting to the 2014 sale?
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
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Transcribed Image Text:17. Calculating Rates of Return (LO3) The "Brasher doubloon," which was
featured in the plot of the Raymond Chandler novel The High Window, was sold
at auction in 2014 for $4,582,500. The coin had a face value of $15 when it was
first issued in 1787 and had been previously sold for $430,000 in 1979. At what
annual rate did the coin appreciate from its minting to the 1979 sale? What
annual rate did the 1979 buyer earn on his purchase? At what annual rate did
the coin appreciate from its minting to the 2014 sale?
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