Suppose That the First Comic Book of a Classic Series

question 38

Multiple Choice

Suppose that the first comic book of a classic series was sold in 1966. In 2012, the estimated price for this comic book in good condition was about $340,000. This represented a return of 27 percent per year. For this to be true, what was the original price of the comic book in 1966?

• A)$5.00
• B)$5.28
• C)$5.50
• D)$5.71
• E)$6.00

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