A coin sold at auction in 2019 for $3,450,000. The coin had a face value of $10 when it was issued in 1789 and had been previously sold for $395,000 in 1973. a. b. C. At what annual rate did the coin appreciate from its first minting to the 1973 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What annual rate did the 1973 buyer earn on his purchase? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) At what annual rate did the coin appreciate from its first minting to the 2019 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Rate of return from 1789 to 1973 b. Rate of return from 1973 to 2019 c. Rate of return from 1789 to 2019 % % %
A coin sold at auction in 2019 for $3,450,000. The coin had a face value of $10 when it was issued in 1789 and had been previously sold for $395,000 in 1973. a. b. C. At what annual rate did the coin appreciate from its first minting to the 1973 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What annual rate did the 1973 buyer earn on his purchase? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) At what annual rate did the coin appreciate from its first minting to the 2019 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Rate of return from 1789 to 1973 b. Rate of return from 1973 to 2019 c. Rate of return from 1789 to 2019 % % %
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:A coin sold at auction in 2019 for $3,450,000. The coin had a face value of $10 when it
was issued in 1789 and had been previously sold for $395,000 in 1973.
a.
b.
C.
At what annual rate did the coin appreciate from its first minting to the 1973 sale?
(Do not round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)
What annual rate did the 1973 buyer earn on his purchase? (Do not round
intermediate calculations and enter your answer as a percent rounded to 2
decimal places, e.g., 32.16.)
At what annual rate did the coin appreciate from its first minting to the 2019 sale?
(Do not round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)
a. Rate of return from 1789 to 1973
b. Rate of return from 1973 to 2019
c. Rate of return from 1789 to 2019
do do
%
%
do
%
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