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Julian was given a gold coin originally purchased for $1 by his great-grandfather 50 years ago....

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Finance

Julian was given a gold coin originally purchased for $1 by hisgreat-grandfather 50 years ago. Today the coin is worth $450. Therate of return realized on the sale of this coin is approximatelyequal to

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Solution The rate of return realized on the sale of this coin is approximately equal to 13 Working Notes present value PV 1 deposited 50 years    See Answer
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Transcribed Image Text

Julian was given a gold coin originally purchased for $1 by hisgreat-grandfather 50 years ago. Today the coin is worth $450. Therate of return realized on the sale of this coin is approximatelyequal to

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