Numismatics is the study/collection of coins. In 2019, a rare 1893-S Morgan Silver Dollar sold for $10.62 million. Unfortunately for the previous owner, they had purchased it in 2008 at a price of $11.92 million. What was their annual rate of return on this coin?
a. None of these options are correct.
b. −1.04%.
c. 1.06%.
d. 0.99%.
e. −10.91%.

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Manamanamanmh62781idn Manamanamanmh62781idn

05-08-2024
Business

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Numismatics is the study/collection of coins. In 2019, a rare 1893-S Morgan Silver Dollar sold for $10.62 million. Unfortunately for the previous owner, they had purchased it in 2008 at a price of $11.92 million. What was their annual rate of return on this coin?
a. None of these options are correct.
b. −1.04%.
c. 1.06%.
d. 0.99%.
e. −10.91%.

Sagot :

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