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19. In 1886, 15-year old Pablo Picasso completed his first academic work, First Communion. In 1900,...

19. In 1886, 15-year old Pablo Picasso completed his first academic work, First Communion. In 1900, your great grandmother bought it for $200. Your mother sold it in 2017 (1 17 years later. for $30 million (net of auction fees and taxes). What was the investment's average annual real return over the life of the investment if average inflation was 2.9%, and the average market risk premium was 6.2%? A. 3.1% B. 7.6% c. 9.1% 10.7% 25.8%

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jeff jeffy answered 9 months ago
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