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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

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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 4 years ago for $7,100.00. Today at auction, the car sold for $49,700.00. What are the holding period return and the annual return on this investment? What is the holding period return of the car? \% (Round to two decimal places.)

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