Problem 5-15 Calculating Rates of Return (LO3] A coin sold at auction in 2019 for $2,429,000. The coin had a face value

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Problem 5 15 Calculating Rates Of Return Lo3 A Coin Sold At Auction In 2019 For 2 429 000 The Coin Had A Face Value 1 (123.04 KiB) Viewed 59 times

Problem 5-15 Calculating Rates of Return (LO3] A coin sold at auction in 2019 for $2,429,000. The coin had a face value of $20 when it was issued in 1789 and had been previously sold for $275,000 in 1976. a. b. At what annual rate did the coin appreciate from its first minting to the 1976 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What annual rate did the 1976 buyer earn on his purchase? (Do not round intermediate calculations and 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 2019 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) C. a. Rate of return from 1789 to 1976 % % b. Rate of return from 1976 to 2019 c. Rate of return from 1789 to 2019