(Solving for i) In March 1963, Ironman was introduced in issue 39 of the comic book Tales of Suspense. The original price for that issue was $0.15. By March 2016, 53 years later, the value of this comic book, given the condition it's in, had risen to $10,200. What annual rate of interest would you have earned if you had bought the comic book in 1963 and sold it in 2016? The annual rate of interest you would have earned if you had bought the comic book in 1963 and sold it in 2016 is %. (Round to two decimal places.)
(Solving for i) In March 1963, Ironman was introduced in issue 39 of the comic book Tales of Suspense. The original price for that issue was $0.15. By March 2016, 53 years later, the value of this comic book, given the condition it's in, had risen to $10,200. What annual rate of interest would you have earned if you had bought the comic book in 1963 and sold it in 2016? The annual rate of interest you would have earned if you had bought the comic book in 1963 and sold it in 2016 is %. (Round to two 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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Transcribed Image Text:(Solving for i) In March 1963, Ironman was introduced in issue 39 of the comic book Tales of Suspense. The
original price for that issue was $0.15. By March 2016, 53 years later, the value of this comic book, given the
condition it's in, had risen to $10,200. What annual rate of interest would you have earned if you had bought the
comic book in 1963 and sold it in 2016?
The annual rate of interest you would have earned if you had bought the comic book in 1963 and sold it in 2016 is
%. (Round to two decimal places.)
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