Multiple Choice
Suppose the benefit of owning a painting, in terms of your personal enjoyment, is worth 5% of the value of the painting. If the expected rate of return on stocks is 7%, then the painting should grow in value by _________ per year.
A) 5%
B) 12%
C) 7%
D) 2%
Correct Answer:
Verified
Correct Answer:
Verified
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