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Holding period and annual ( investment ) returns. Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1

Holding period and annual(investment) returns. Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible 8 years ago for $7,800.00. Today at auction, the car sold for $93,600.00. What are the holding period return and the annual return on this investment?

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