A coin that was featured in a famous novel sold at auction in 2014 for $1,965,500. The coin had a face value of $5 when it was issued in 1794 and had previously been sold for $305,000 in 1971.
At what annual rate did the coin appreciate from its first minting to the 1971 sale? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Rate of return %
What annual rate did the 1971 buyer earn on his purchase? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Rate of return %
At what annual rate did the coin appreciate from its first minting to the 2014 sale? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)