In 2011, an 1880-O Morgan silver dollar sold for $13,113. Required: What was the rate of return on this investment? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Rate of return |%

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
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In 2011, an 1880-O Morgan silver dollar sold for $13,113.
Required:
What was the rate of return on this investment? (Enter rounded answer as directed, but
do not use rounded numbers in intermediate calculations. Enter your answer as a
percent rounded to 2 decimal places (e.g., 32.16).)
Rate of return
|%
Transcribed Image Text:In 2011, an 1880-O Morgan silver dollar sold for $13,113. Required: What was the rate of return on this investment? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Rate of return |%
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