Question: mework Saved You received no credit for this Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During

 mework Saved You received no credit for this Although appealing to

mework Saved You received no credit for this Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction house sold a sculpture at auction for a price of $10,231,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,217,500 What was his annual rate of return on this sculpture? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) ad Annual rate of return % > ht ences

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