In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original price for that issue was 18 cents. By March of 2015, 52 years later, the value of this comic book had risen to $19,534. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2015 (52 years later)? The annual rate of interest you would have earned if you had bought the comic in 1963 and then sold it in 2015 (52 years later) is ☐ %. (Round to three decimal places.)
In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original price for that issue was 18 cents. By March of 2015, 52 years later, the value of this comic book had risen to $19,534. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2015 (52 years later)? The annual rate of interest you would have earned if you had bought the comic in 1963 and then sold it in 2015 (52 years later) is ☐ %. (Round to three decimal places.)
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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In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original price for that issue was 18 cents. By March of 2015, 52 years later, the value of this comic book had risen to $19,534. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2015 (52 years later)?
The annual rate of interest you would have earned if you had bought the comic in 1963 and then sold it in 2015 (52 years later) is ? (Round to three decimal places.)
Transcribed Image Text:In March 1963, Ironman was first introduced in issue
number 39 of Tales of Suspense. The original price for
that issue was 18 cents. By March of 2015, 52
years later, the value of this comic book had risen to
$19,534. What annual rate of interest would you have
earned if you had bought the comic in 1963 and sold it
in 2015 (52 years later)?
The annual rate of interest you would have earned if
you had bought the comic in 1963 and then sold it in
2015 (52 years later) is ☐ %. (Round to three
decimal places.)
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