In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original
Question:
In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original price for that issue was 12 cents. By March 2018, 55 years later, the value of this comic book had risen to $6,200. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2018 (55 years later)?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
The rate of return on this investment was 2181 percent F...View the full answer
Answered By
Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
119+ Reviews
214+ Question Solved
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 9780134730363
8th edition
Authors: Arthur J. Keown
Question Posted:
Students also viewed these Business questions

What annual rate of interest was earned if a $15,000 investment for five months earned $546.88 in interest?

In September 1963, the first issue of the comic book XMEN was issued. The original price for the issue was 12cents. By September 2013, 50 years later, the value of this comic book had risen to...

What annual interest rate is earned by a 33day Tbill with a maturity value of $1,000 that sells for $996.16?

List the following classifications of accounts in all of the columns in which they appear on the work sheet, with the exception of the Adjustments columns. (Example: Assets) Assets ...................

Is the deficit order d defined in example 1.49 A partial order? A weak order? on the set X.

You are given that Calculate the (1, 1) and (3, 2)elements of the minor and cofactor matrices, M(B) and C(B). B = 123 456 789

Refer to Googles financial statements in Appendix A to compute its equity ratio as of December 31, 2015, and December 31, 2014. Data From Google Financial Statement Appendix A Google Inc....

Cannes Company has the following information available for September 2014. Unit selling price of video game consoles .. $ 400 Unit variable costs ... $ 275 Total fixed costs ...... $52,000 Units sold...

Connect each yearly salary to the correct paycheck payment. A. $55,000 B. $60,000 C. $26,000 D. $129,000 E. $56,000 OS $500 weekly $5,000 monthly $2,333 semimonthly $4,961 biweekly $4,583 monthly

Conte Chemical Co. uses the weighted average cost method. All materials are added at the start of the production process. Labor and overhead are added evenly at the same rate throughout the process....

The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of $68,000 for 2017. Determine their standard deduction, exemption, and child tax credit amounts,...

Sarah Wiggum would like to make a single investment and have $2 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah...

Find each of these values? a) (133 mod 23 + 261 mod 23) mod 23 b) (457 mod 23 182 mod 23) mod 23

Q1. After 18 years, how much money will we have for the university education for our 3 children? If we invest in the given below option: Current savings = $20,000 semimonthly contribution of $150 at...

Afew years ago, the CEO of one of the world?s largest corporations laid some very tough love on his 500 top managers. Despite having annual revenue of about $300 billion, BP had become, said CEO Tony...

In what ways does the treaty history of Little Pine (Treaty 6) impact the Semaganis story? Link this theme to Venne's article in the course readings.

Developer agrees to buy land from Seller for $200,000, on the condition that Developer can get a mortgage from Bank, and makes a $20,000 down payment. Developer has the land surveyed (at a cost of...

What are the five classes of antibodies, and what distinguishes each class in terms of their structural features, effector functions, and contributions to immune responses?

On January 1, 2017, Ridge Road Company acquired 20 percent of the voting shares of Sauk Trail, Inc., for $2,700,000 in cash. Both companies provide commercial Internet support services but serve...

You purchase a bond with a coupon rate of 6.7 percent, a par value $1,000, and a clean price of $905. Assume a par value of $1,000. If the next semiannual coupon payment is due in two months, what is...

At present, 10 year Treasury bonds are yielding 4% while a 10 year corporate bond is yielding 6.8%. If the liquidity risk premium on the corporate bond is 0.4%, what is the corporate bonds...

At present, 10 year Treasury bonds are yielding 4% while a 10 year corporate bond is yielding 6.8%. If the liquidity risk premium on the corporate bond is 0.4%, what is the corporate bonds...

If the 10 year Treasury bond rate is 4.9%, the inflation premium is 2.1%, and the maturity risk premium on 10 year Treasury bonds is 0.3%, assuming that there is no liquidity risk premium on...

1. (a) i. Convert 1610 to 8bit signmagnitude. ii. Convert 2410 to 8bit signmagnitude. iii. Perform the calculation 16+ (24) in 8bit signmagnitude binary arithmetic. What is the decimal (ie....

Define the sequence ao, a,... recursively as follows: set ao = 2020 and, for all integers n > 1, if an1 is even then an an1/2, otherwise an = 3an1 +1. (a) Write down the first seven values a0, a1,...

what is your opinion about the relationship between competitive strategy and supply chain to the fit strategy to achieve company success?
Study smarter with the SolutionInn App