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Business, 04.10.2019 23:10 cascyrio2002
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2010, deutscher-menzies sold arkie under the shower, a painting by renowned australian painter brett whiteley, at auction for a price of $1,100,000. unfortunately for the previous owner, he had purchased it 3 years earlier at a price of $1,680,000. what was his annual rate of return on this painting? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
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Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.
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