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Ten years ago I bought a very rare book, Old English Exodus, by J.R.R. Tolkien...

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Finance

Ten years ago I bought a very rare book, Old English Exodus, by J.R.R. Tolkien for $208.79. Today, there are only three copies available for sale on the entire internet (click image for the copies on abebooks.com; eBay has none), and the lowest of these three prices is $1,100.00. Since this is a rather illiquid asset, assume that if I wanted to sell it right away, Id have to sell at a price of 75% of the lowest currently available price. What average annual rate of return, compounded annually, would I earn on my investment in this asset if I it sold right away?

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