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What would be the one year rate of return on the investment

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Reference no: EM132488005

Claude Monet was a 19" century French Impressionist painter, Have always liked his work. He is well known for his painting of water lilies. know that doesn't sound exciting but if you visit the Metropolitan Museum of Art in NYC and see his work.

Question 1: Fine art is a risky investment. If one of Monet's paintings sold for $2.500,000 in 2018 and one year later resold for $3 200.000, what would be the one year rate of return on that investment? Again, show all work and the appropriate formula.

Reference no: EM132488005

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