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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 6 years ago for $8,100.00. Today atauction, the car sold for $81,000.00.

What are the holding period return and the annual return on thisinvestment?

% (Round to two decimal places)

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