Question: Question 19 4 points Save Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby's

Question 19 4 points Save Although appealing to more refined tastes, art

Question 19 4 points Save Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby's sold the Edgar Degas bronze sculpture Patile Danseuse de Quatorze Ans at auction for a price of $9.88 million. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $13.31 million 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.) Moving to another question will save this response. Question 19 of 25

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