Question

In September 1963, the first issue of the comic book X-MEN was issued. The original price for that issue was $0.12. By September 2019, 56 years later, the value of the near-mint copy of this comic book had risen to $492,937.50. What annual return would you have earned if you had bought the comic in 1963 and sold it in 2019

Answer 1

Answer:

The workings of the answer are below;

Explanation:

Cost of purchase         A                            $0.12

Current Market price    B              $492,937.50

Total Gain on sale     C=B-A         $492,937.38

Average annual gain over 56 year=$492,937.38/56=$8,802.45