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A coin that was featured in a famous novel sold at auction in 2014 for $9,179,000. The coin had a face value of $20 when it was issued in 1793 and had previously been sold for $220,000 in 1970

At what annual rate did the coin appreciate from its first minting to the 1970 sale? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

What annual rate did the 1970 buyer earn on his purchase? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

At what annual rate did the coin appreciate from its first minting to the 2014 sale? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Financial Management, Finance

Category:- Financial Management
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