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Holding period and annual (Investment) returns. Bohenick Classic Automobiles restores and rebulds old clasulc cars. The company purchased and restored a classic 1957 Thunderbirt convertible

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Holding period and annual (Investment) returns. Bohenick Classic Automobiles restores and rebulds old clasulc cars. The company purchased and restored a classic 1957 Thunderbirt convertible 6 years ago for $7,700,00. Today at auction, the car sold for $61,600.00. What are the holding period retum and the annuai retum on this investment? What is the holding period retum of the car? K. (Round to twe decimal places.)

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