Although appealing to more refined tastes, art as a collectible has not always performed so...
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Accounting
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During Sothebys sold the John Elton painting Petite Danseuse at auction for a price of $ Unfortunately for the previous owner, he had purchased it in at a price of $ What was his annual rate of return on this sculpture?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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