ON MAY 22, 2010, A FLORIDA MAN LASZLO HANYECZ, NOW KNOWN AS BITCOIN PIZZA GUY, OFFERED TO PAY 10,000 BITCOINS TO ANYONE WHO CAN ARRANGE FOR FOOD DELIVERED TO HIM. A BRITISH MAN TOOK THE OFFER AND PAID $25 FOR A BOX OF PAPA JOHN'S PIZZAS DELIVERED TO HANYECZ IN EXCHANGE OF THE 10,000 BITCOINS. ON MAY 22, 2023, A SINGLE BITCOIN'S MARKET VALUE WAS AROUND $27,225.73. IF THE BRITISH GUY HELD ON TO HIS 10,000 BITCOINS FROM 2010 TO 2023, WHAT HAS BEEN HIS ANNUAL RETURN (IN %)?
ON MAY 22, 2010, A FLORIDA MAN LASZLO HANYECZ, NOW KNOWN AS BITCOIN PIZZA GUY, OFFERED TO PAY 10,000 BITCOINS TO ANYONE WHO CAN ARRANGE FOR FOOD DELIVERED TO HIM. A BRITISH MAN TOOK THE OFFER AND PAID $25 FOR A BOX OF PAPA JOHN'S PIZZAS DELIVERED TO HANYECZ IN EXCHANGE OF THE 10,000 BITCOINS. ON MAY 22, 2023, A SINGLE BITCOIN'S MARKET VALUE WAS AROUND $27,225.73. IF THE BRITISH GUY HELD ON TO HIS 10,000 BITCOINS FROM 2010 TO 2023, WHAT HAS BEEN HIS ANNUAL RETURN (IN %)?
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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Question
![ON MAY 22, 2010, A FLORIDA MAN LASZLO HANYECZ, NOW
KNOWN AS BITCOIN PIZZA GUY, OFFERED TO PAY 10,000 BITCOINS TO
ANYONE WHO CAN ARRANGE FOR FOOD DELIVERED TO HIM. A BRITISH
MAN TOOK THE OFFER AND PAID $25 FOR A BOX OF PAPA JOHN'S PIZZAS
DELIVERED TO HANYECZ IN EXCHANGE OF THE 10,000 BITCOINS. ON
MAY 22, 2023, A SINGLE BITCOIN'S MARKET VALUE WAS AROUND
$27,225.73. IF THE BRITISH GUY HELD ON TO HIS 10,000 BITCOINS
FROM 2010 TO 2023, WHAT HAS BEEN HIS ANNUAL RETURN (IN %)?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff77e18c2-3149-4f94-83b7-99f1d5471cc5%2F1d409d64-0f55-46bc-a6b0-38ca82b7e95d%2F5xdp3xg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ON MAY 22, 2010, A FLORIDA MAN LASZLO HANYECZ, NOW
KNOWN AS BITCOIN PIZZA GUY, OFFERED TO PAY 10,000 BITCOINS TO
ANYONE WHO CAN ARRANGE FOR FOOD DELIVERED TO HIM. A BRITISH
MAN TOOK THE OFFER AND PAID $25 FOR A BOX OF PAPA JOHN'S PIZZAS
DELIVERED TO HANYECZ IN EXCHANGE OF THE 10,000 BITCOINS. ON
MAY 22, 2023, A SINGLE BITCOIN'S MARKET VALUE WAS AROUND
$27,225.73. IF THE BRITISH GUY HELD ON TO HIS 10,000 BITCOINS
FROM 2010 TO 2023, WHAT HAS BEEN HIS ANNUAL RETURN (IN %)?
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