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

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Business

Cruz Mitchell

9 March, 09:14

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

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Messiah Montes · Answer 1

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