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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 1957 Thunderbird convertible

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 $8,100.00. Today at auction, the car sold for $81,000.00. What are the holding period return and the annual return on this investment? What is the holding period return of the car?

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