Lance Murdock purchased a wooden statue of a Conquistador for $7,800 to put in his home office 7 years ago

Subject:FinancePrice:2.86 Bought5

Share With

Lance Murdock purchased a wooden statue of a Conquistador for $7,800 to put in his home office 7 years ago. Lance has recently? married, and his home office is being converted into a sewing room. His new? wife, who has far better taste than? Lance, thinks the Conquistador is hideous and must go immediately. Lance decided to sell it on? e-Bay and only received ?$5,200 for? it, and so he took a loss on the investment. What was his rate of? return, that? is, the value of i??