In 1985, an original first edition of a popular comic book was purchased for $0.50. In 2020,
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Question:
In 1985, an original first edition of a popular comic book was purchased for $0.50. In 2020, the same comic book, in a well-preserved condition, was sold at an auction for $5,000. What average annual rate of return would the seller realize if they had been the original purchaser of this 'investment'?
25.89%
13.52%
28.17%
17.85%
Related Book For
Operations Management Processes And Supply Chains
ISBN: 9781292409863
13th Global Edition
Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman
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