In September 1963, the first issue of the comic book X-MEN was issued. The original price for

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In September 1963, the first issue of the comic book X-MEN was issued. The original price for the issue was 12 cents. By September 2013, 50 years later, the value of this comic book had risen to $9,500. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2013?

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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