Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 14. calculating rates of return [lo3] although app

14. Calculating Rates of Return [LO3] Although appealing to more refined tastes, art as a...

60.1K

Verified Solution

Question

Accounting

image
14. Calculating Rates of Return [LO3] 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 Petite Danseuse de Quatorze Ans at auction for a price of $10,311,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,377.500. What was his annual rte of return on this sculpture

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Golgi tendon organs: a)are silenced when a muscle is stretched b)inhibit the discharge of muscle spindles c)produce inhibition...

Medical Sciences
Q

Given the following information, the reorder point to use to achieve a 99% service level would...

Operations Management
Q

8. What is a maximization linear program? Provide your own example of a linear program that seeks...

Advance Math
Q

70 Cells that go through mitosis do not possess homologous chromosomes True or False 71...

Biology
Q

Which sentence contains transitional words or phrases A I saw a movie got a manicure...

Biology
Q

6 A thin lens is made in the shape of a disc of thickness d...

Physics
Q

When a car passes mark A driver applies brakes Thereafter reducing where in the Road...

Physics
Q

The accompanying data describes the earnings of 15 celebrities Complete parts a through d Click...

Basic Math
Q

Suppose that A and B are invertible 2 x 2 matrices such that det A...

Algebra
Q

Standing plans include Doces bout how to handle mercy stations O Doces bout...

Accounting
Q

The manager of Pharmacorp needs to find a source of funding for a new drug...

Finance
Q

In preparation for developing its statement of cash flows for the year ended December 31,...

Finance