Question 2: Peter Minuet purchased Manhattan Island from a group of Native Americans in 1626 for $24 worth of merchandise. The 1991 estimate of the value of the land was $12 billion. What rate of...

Question 2:<br>Peter Minuet purchased Manhattan Island from a group of Native Americans in 1626 for $24<br>worth of merchandise. The 1991 estimate of the value of the land was $12 billion. What rate of<br>return would the Native Americans have received if they had retained title to the land from 1626<br>to 1991 instead of trading it for the merchandise?<br>

Extracted text: Question 2: Peter Minuet purchased Manhattan Island from a group of Native Americans in 1626 for $24 worth of merchandise. The 1991 estimate of the value of the land was $12 billion. What rate of return would the Native Americans have received if they had retained title to the land from 1626 to 1991 instead of trading it for the merchandise?

Jun 11, 2022

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Question 2: Peter Minuet purchased Manhattan Island from a group of Native Americans in 1626 for $24 worth of merchandise. The 1991 estimate of the value of the land was $12 billion. What rate of...

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