In September 1963, the first issue of the comic book X-MEN was issued. The original price for
Question:
In September 1963, the first issue of the comic book X-MEN was issued. The original price for that issue was $0.12. By September 2016, 53 years later, the value of the near-mint copy of this comic book had risen to $35,000. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2016?
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To calculate the annual rate of interest we can use the formula for compound interest A P ...View the full answer
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Related Book For 
Foundations Of Finance
ISBN: 9781292155135
9th Global Edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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