In 2013, famous street artist, Banksy, set up an unmarked stall in New York’s Central Park selling paintings for $60. That same year at auction, similar paintings were sold for $31,200. During the year, the inflation rate was 1.5%. Suppose you were lucky enough to purchase a painting, what were the nominal and real rates of return for the paintings?
a) 519.0%; 511.3%
b) 99.8%; 98.3%
c) 51,900.0%; 51,898.5%
d) 51,900.0%; 51,131.5%
Solved
Show answers
More tips
- H Health and Medicine Sunstroke: Causes, Symptoms, and Precautions...
- F Family and Home Do You Really Need a Playpen for Your Child?...
- F Food and Cooking Do Aphrodisiacs Really Work? Separating Fact from Fiction...
- C Computers and Internet Log-in: what is it and why do you need it?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Business
- E English Can someone write me a urban agriculture conclusion...
- H History Alguien para ablar alguien para charlar...
- M Mathematics Find the absolute extrema of f(x) = e^{x^2+2x}f ( x ) = e x 2 + 2 x on the interval [-2,2][ − 2 , 2 ] first and then use the comparison property to find the lower and...
Ответ: