Business, 25.12.2019 02:31, wwall7

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

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Suppose the benefit of owning a painting, in terms of your personal enjoyment, is worth 5% of the va...