Problem 4.08 – Rates of Return on Historical Coin Investments

Essentials of Corporate Finance

Ross, Westerfield, and Jordan

10th Edition and 11th Edition

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Determine the rate of return on historical coin investments based on their purchase and sale prices. Given the value of a Liberty Seated half dollar (or penny) issued a long time ago which sold for a large sum of money, what was the rate of return?

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