Peter minuit bought an island from the manhattoes indians, Econometrics

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Peter minuit bought an island from the manhattoes indians

Peter Minuit bought an island from the Manhattoes Indians in 1626 for $24 worth of beads and trinkets. The 1991 estimate of the value of the land on this island was $12 billion (1 billion = 109). What rate of return would the Indians have received if they had retained title to the island rather than selling it for $24?

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Econometrics: Peter minuit bought an island from the manhattoes indians

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Econometrics: Peter minuit bought an island from the manhattoes indians

Reference No:- TGS0569417

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Recent Questions Asked Econometrics

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Ask an Expert for Answer!!

Econometrics: Peter minuit bought an island from the manhattoes indians

Reference No:- TGS0569417

Recent Questions Asked Econometrics

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Q : Peter minuit bought an island from the manhattoes indians

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