Question: Problem 7 - 3 4 A bottle of 1 0 - year - old Scotch whisky sells for $ 4 0 . A bottle of
Problem
A bottle of yearold Scotch whisky sells for $ A bottle of yearold Scotch whisky sells for $ The cost to age a bottle of whisky use of barrels, storage space, labor, etc. costs $ year. If you own a distillery and can "invest" year old bottles to grow them into year old bottles, what is your annual rate of return? Use Appendix to answer the question. Round your answer to the nearest whole number.
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