Calculate the dollar rates of return on the following assets: a. A painting whose price rises from$200,000to$250,000in

Question:

Calculate the dollar rates of return on the following assets:
a. A painting whose price rises from$200,000to$250,000in a year.
b. A bottle of a rare Burgundy, Domaine de la Romanée-Conti 1978, whose price rises from $255 to $275 between 2013 and 2014.
c. A £10,000 deposit in a London bank in a year when the interest rate on pounds is 10 percent and the $/£ moves from $1.50 per pound to $1.38 per pound.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...